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U.S. March job openings highest in 2-1/2 years

U.S. job openings in March were the most in 2-1/2 years, a government report showed Wednesday, pointing to a firming labor market tone.
/ Source: Reuters

U.S. job openings in March were the most in 2-1/2 years, a government report showed Wednesday, pointing to a firming labor market tone.

Job openings — a measure of labor demand — rose 99,000 to 3.12 million, the highest since September 2008, the Labor Department said in its monthly Job Openings and Labor Turnover Survey.

It was the first time since November 2008 that job openings have been at or above 3.0 million for two straight months.

However, the job openings rate — a gauge of how many jobs were still open at the end of the month — was steady at 2.3 percent.