Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.
The number of openings decreased for the third straight month in March, but it’s still historically high.
Fewer job openings in normal times might be not great news, but right now, it is — cautiously speaking — a good sign.
There are fewer job openings and fewer people are quitting jobs — signs that the Federal Reserve's interest rate hikes are working as intended.
The more people switch jobs, the better the odds anybody can find a better one.
There are almost two job openings for every unemployed person.
In some sectors, like leisure and hospitality, workers have been quitting and changing jobs, allowing them move into higher-paid positions.
Not all parts of the job market are hot.
Many of the newer hires in Octobers filled support roles.
That was down slightly from September, but still high. Some say watch that figure to know what will happen to the economy in 2022.