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Unemployment is Down & So is the Number of New Jobs

Published April 10th, 2017 by Julie

March 2017 Job Report: Job Openings, Unemployment Rate, Market Trends*

Unemployment [4.5%]

According to the U.S. Bureau of Labor Statistics the unemployment rate dropped from 4.7% to 4.5% in March.

 

Job Openings [98,000]

Jobs openings dropped drastically to 98,000 in March (compared to the projected 180,000) from 235,000 in February, a decrease of 58% in one months time. 


 

Hire Rate [3.6%] & Quit Rate [2.0%]

Both the hire rate (3.6%) and the quit rate (2.0%) remained the same from the previous month.

* All Data is from Bureau of Labor Statistics, U.S. Department of Labor online at www.bls.gov

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