The number of unemployed people per vacant job in the US has fallen to its lowest level since November 2008 in a sign that the labour market continues to heal.
The reassuring numbers from the Bureau of Labor Statistics, which also show more people choosing to quit their job voluntarily, suggest that weak US jobs growth recently may be owing to the unusually warm winter rather than an economic downturn.
Non-farm payrolls rose by only 154,000 new jobs in March and 115,000 in April, giving rise to fears of a “spring slowdown”, but the new data show a continuing increase in job openings and the number of people quitting their job.
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