Despite the increased number of jobs available on the market last month, US jobs still demonstrate some instability this current month. For the month of March, they fell again, indicating that the country's current economy is still at a slow rate. In comparison to the month of February, there were 110,000 less available openings in March, based on reports of the US Department of Labor and their newly released Job Openings and Labor Turnover Survey.
February's hiring rate was at 3.4%. The month of March marked the adding of 74,000 fewer jobs than in February, which indicates that the US economy is still slow.
Layoffs rates are equal to 1.1% and the percent of people having quit their jobs in March is equal to 1.8%.
"Quits going up is a sign that people have more confidence in their ability to find another job," according to New York University's Stern School of Business professor Tom Cooley. However, Cooley has also indicated that the comparatively insignifcant change of people who have left their jobs doesn't mean much because this type of minor fluctuations often fall into the catergories of margin errors.
The current fluctuations in the job market indicate that the US economy is still in a very unstable condition. Moreover, with the current conflicts between Ukraine and Russia, worse job and economy reports are on the rise. Investors and business people are concerned about what the civil conflict will bring to the current economy, and try to avoid significant spending and risky moves.
Numerous companies have marked losses due to reduced consumption rates from Russia and Eastern Europe, and are careful with hiring new staff members. With the uncertainty of the current political setting in Eastern Europe, many companies are expected to be careful with their business investments and hiring decisions.
It seems that job seekers have to be patient with the pursuit of their career aspirations.
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