(Bloomberg) — Job openings fell in March from a 14-year high as companies held off posting vacancies amid a first-quarter slump in economic growth.
The number of positions waiting to be filled decreased by 150,000 to 4.99 million from a revised 5.14 million in February, the Labor Department reported Tuesday in Washington. Even with the decline, it was the second-highest level since 2001.
The data showed more employees quit than at any time in the past seven years, and firing and hiring also accelerated, pointing to an increase in churn that is more typical of a healthy job market. While it may be difficult to match the gains seen at the end of 2014, a report last week indicated the payroll slowdown in March was temporary.
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