Economy

Job openings and the level of people quitting their jobs reached records in March

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A “now hiring” sign is posted in the window of an ice cream shop in Los Angeles, California on January 28, 2022.

Frederic J. Brown | AFP | Getty Images

Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs, the Labor Department reported Tuesday.

The level of job postings hit 11.55 million for the month, also a fresh record for data that goes back to December 2000, according to the Job Openings and Labor Turnover Survey. That was up 205,000 from February and representative of a jobs market still historically tight.

At the same time, quits totaled 4.54 million, an increase of 152,000 from the previous month as the…



Source cnbc.com

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