Sign in to comment!

Menu
Home

Economy

US employers posted fewer open jobs in March; hiring slowed and layoffs rose

U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth.

The Labor Department says job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.

A separate report Friday showed employers added just 138,000 net jobs in March, well below February's 332,000. Tuesday's report shows that the slowdown occurred because gross hiring fell and layoffs increased.

The unemployed faced heavy competition in March. There were 3.1 unemployed people, on average, for each job opening. That's above the ratio of 2 to 1 that is typical in a healthy economy.

Job growth picked up in April. The economy added 165,000 net jobs, and the unemployment rate fell to 7.5 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.96% dw 3.98%  
15 Y Fixed Graph 3.07% dw 3.09%  
30 Y Fixed Jumbo Graph 4.17% dw 4.18%  
5/1 ARM Graph 3.20% dw 3.23%  
5/1 Jumbo ARM Graph 3.48% up 3.47%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.29%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% dw 2.94%  
36 M Used Graph 3.47% dw 3.48%  
48 M New Graph 3.18% dw 3.22%  
48 M Used Graph 2.99% dw 3.05%  
60 M New Graph 3.19% dw 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% -- 1.55%