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US job openings increase by most in a year, topping estimates

from Bloomberg

U.S. job openings rebounded more than expected in the biggest gain in a year, indicating demand for workers remains healthy in a tight labor market. The number of positions waiting to be filled rose by 346,000 in March to 7.49 million, from an upwardly revised 7.14 million in the prior month, according to the Labor Department’s Job Openings and Labor Turnover Survey or JOLTS. The quits rate remained at 2.3 percent, matching the highest level of the economic expansion and signaling confidence from workers that prospects remain strong. more


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