US: Improvement in JOLTS job openings? - Nomura

Against the backdrop of a strong US labor market, the job openings rate remained elevated at 3.9% in February, consistent with steady labor demand, points out the research team at Nomura.

Key Quotes

“The quits rate also remained relatively high at 2.2%, pointing to increased workers’ confidence in moving between jobs. As the labor market improves further, we expect continued improvement in these indicators in the near term.”