The number of layoffs and discharges fell by 155,000, down to 1% of total employment, only slightly higher than the all-time low of 0.9%.
In March, there were 1.32 job openings for every unemployed American, down from 2.03 in March 2022, but still higher than pre-pandemic levels.
"In post-war US economic history, such a sharp decline in openings without a corresponding spike in unemployment is unprecedented, singular, and exceptional," as noted.
"In 2022, many people expected a reduction in openings this large would have boosted unemployment much more," said Indeed Hiring Lab's Nick Bunker.
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