The dollar fell against a basket of currencies. Stocks on Wall Street were trading lower. The job openings rate fell to 6.0% from 6.4% in January. Small and medium-sized businesses, who have been the drivers of job growth, accounted for most of the decrease, with establishments with a 1,000 workers and more reporting a small reduction in job openings. Regionally, the decline was concentrated in the Midwest, South and West. There were an additional 38,000 vacancies in the arts, entertainment and recreation sector. Job openings in the transportation, warehousing and utilities sector fell by 145,000.īut the construction industry sought more workers, with job openings increasing by 129,000. There were 150,000 fewer vacancies in the healthcare and social assistance industry. The decline was led by the professional and business services sector, where job openings fell 278,000. They fell 1.3 million in first two months of this year.Įconomists polled by Reuters had forecast 10.4 million job openings.
Job openings, a measure of labor demand, were down 632,000 to 9.9 million on the last day of February, the lowest level since May 2021, the monthly Job Openings and Labor Turnover Survey, or JOLTS report, showed. "Arguably this report provides the first evidence of an easing in labor market conditions, which nonetheless remain very tight," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York. The broad drop in job openings occurred before the recent financial market turmoil, which led to tighter credit conditions and sparked fears of widespread job losses in the economy. Friday's employment report for March will shed more light on the labor market's health.
Fed officials have been closely monitoring this ratio. job openings dropped to their lowest level in nearly two years in February, suggesting that labor market conditions were finally easing, welcome news for the Federal Reserve as it considers whether to pause its interest rate hiking cycle.ĭespite the larger-than-expected decline in job vacancies reported by the Labor Department on Tuesday, the labor market remains tight, with 1.7 job openings for every unemployed person in February, down from 1.9 in January. Once you choose the format, you will see the download status on the Dashboard.WASHINGTON, April 4 (Reuters) - U.S. Video preview is not available on this video downloader for YouTube videos. The Android app has a straightforward user interface and has no ads.Īs soon as you select the video, the app takes you to the Format tab where you can choose the video format. YouTube Downloader for Android is an Android app to download YouTube videos (and extract/convert audio to mp3).
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