US job openings hit three-year low amidst easing labour demand
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Job openings in the US have plunged to a three-year low in March, with figures dropping by 325,000 to 8.488 million, the lowest level since February 2021. The decline in job openings was particularly pronounced in sectors such as construction and finance, which collectively witnessed a reduction of 182,000 unfilled positions in construction and 158,000 in finance and insurance. The decrease in job postings was more prominent in the Western and Midwestern regions of the United States, with fewer open positions also observed in the South. However, job postings increased in the Northeast. The number of people quitting their jobs decreased significantly, reaching the lowest level since January 2021. Challenges persist in managing inflationary risks, especially with input costs for manufacturers soaring to a near two-year high in April.

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https://www.wionews.com/business-economy/us-job-openings-hit-three-year-low-amidst-easing-labour-demand-717284