“The Job Openings and Labor Turnover Survey for March offered additional evidence that supply and demand in the labor market are coming into better balance.”
“In an absolute sense, the labor market remains tight with openings and quits still above pre-pandemic levels and involuntary separations just getting back to what prevailed in 2018-2019. But a clear trend is emerging, and we expect labor demand to keep receding in the months to come.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.