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.
