U.S. job openings dropped to an 11-month low in February and hiring decreased, which could explain a sharp slowdown in job growth during that month.
Job openings, a measure of labor demand, tumbled by 538,000 to a seasonally adjusted dropped 7.1 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday. That was the lowest level since March 2018 and reflected declines in several industries.
The job openings rate dropped to 4.5 percent from 4.8 percent in January. Hiring fell to 5.7 million in February from 5.8 million in the prior month. Nonfarm payrolls increased by only 33,000 jobs in February, the fewest since September 2017. But job growth picked up in March, with the economy creating 196,000 positions, the government reported last Friday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The ‘smart money’ is buying only five of 11 popular tech stocks — and selling oneWith tech stocks up sharply since the start of the year, it now makes sense to review Alibaba, Facebook, Netflix and eight others.
Read more »
Fiat Chrysler Canada's auto sales fall 11 percent in MarchFiat Chrysler Automobiles NV on Tuesday reported an 11 percent fall in total Mar...
Read more »
Inside Beto's 11-Hour RolloutThree rallies in three cities in one day: Here’s what Beto O’Rourke’s frenzied kickoff looked like in photos
Read more »
Brazil police kill 11 suspects who tried to blow up bank ATMsPolice in Sao Paulo state shot and killed 11 assailants who were preparing to bl...
Read more »
11 times kidnappers targeted millionaires and high-profile executives around the globeWhen kidnappers snatch the wealthy and powerful, the story often becomes the subject of intense media scrutiny.
Read more »
Kathie Lee Gifford bids teary farewell to TODAY after 11 yearsKathie Lee's last day on TODAYShow featured plenty of laughs, hugs, champagne, and an amazing surprise for the audience.
Read more »
11 Simple Things Men Can Do For FeminismListen.
Read more »