Essential Points
- Job openings and employee quits declined and the layoff rate amplified in March, according to the Job Openings and Labor Turnover Survey issued Tuesday by the U.S. Bureau of Labor Statistics.
- The Federal Reserve has elevated desire rates to sluggish the financial system and labor market, in an attempt to rein in inflation.
- Nonetheless, the career marketplace is even now robust for employees, and the unemployment fee is at multi-10 years lows.
