US job openings edged down to 6.87 million in March, while hiring rebounded, signaling a stabilizing labor market. The hiring rate rose to 3.5%, with quits at 2% and layoffs at 1.2%. Gains were broad-based, though openings declined in professional services. With unemployed workers exceeding vacancies, labor conditions suggest limited inflation pressure, though cost concerns may weigh on future hiring.

2026-05-05

US job openings edged down to 6.87 million in March, while hiring rebounded, signaling a stabilizing labor market. The hiring rate rose to 3.5%, with quits at 2% and layoffs at 1.2%. Gains were broad-based, though openings declined in professional services. With unemployed workers exceeding vacancies, labor conditions suggest limited inflation pressure, though cost concerns may weigh on future hiring.