Urgent: Important Data Released on the Labor Market in the United States.
Job vacancies in the United States fell sharply during March, but the decline in layoffs indicates that the labor market still has a solid foundation, despite the ongoing volatile tariff policies casting a shadow over the economy. The U.S. Department of Labor, through its Bureau of Labor Statistics, reported in its Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday that the number of job vacancies, which is a measure of demand for labor, decreased by 288,000 jobs to 7.192 million jobs by the last day of March. February's data was revised to record 7.480 million job vacancies, instead of the previously reported figure of 7.568 million, and the government is expected to release a report on Friday indicating that the number of jobs in the non-farm sector increased by 130,000 jobs during April, following an increase of 228,000 jobs in March, according to a survey conducted by Reuters. The unemployment rate is also expected to remain stable at 4.2%.
