Job openings, a measure of labor demand, dropped 384,000 to
9.590 million on the last day of March, the lowest level since
April 2021, the Labor Department said in its monthly Job
Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Data for February was revised higher to show 9.974 million job
openings instead of the previously reported 9.931 million.
Economists polled by Reuters had forecast 9.775 million job
openings. Federal Reserve officials were gathered for a two-day
policy meeting on Tuesday. The U.S. central bank is expected to
raise its policy interest rate by another 25 basis points to a
5%-5.25% range at the meeting's conclusion on Wednesday.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)
WASHINGTON, May 2 (Reuters) - U.S. job openings fell for
a third straight month in March, but remained at levels
consistent with a tight labor market.
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