The Labor Department disclosed on Wednesday that job vacancies in the U.S. dropped more significantly than projected throughout March. Following an upward adjustment to 8.813 million in February, job openings decreased to 8.488 million in March. Economists had initially predicted a slight dip to 8.690 million from 8.756 million in the earlier month.
The Labor Department’s report additionally announced minor variances in the total number of hires, maintaining roughly around 5.5 million. The number of total separations also manifested a decline to 5.2 million. Regarding separations, the statistics for resignations and layoffs, including dismissals, remained relatively steady, with 3.3 million and 1.5 million respectively.
