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U.S. job openings fall to 4.99 million in March

Published 05/12/2015, 10:05 AM
© Reuters. U.S. job openings fall more than expected in March

Investing.com - The number of job openings in the U.S. fell more than expected in March, underlining concerns over the strength of the labor market, official data showed on Tuesday.

In a report, the U.S. Labor Department said that the number of job openings, excluding the farming industry, decreased to 4.994 million in March from 5.144 million in February, whose figure was revised up from a previously reported 5.133 million.

Analysts had expected the number of job openings to fall to 5.085 million in March.

The report has garnered more attention lately, as Federal Reserve Chair Janet Yellen often cites the survey when assessing the state of the labor market.

EUR/USD was trading at 1.1254 from around 1.1250 ahead of the release of the data, GBP/USD was at 1.5667 from 1.5651 earlier, while USD/JPY was at 120.02 from 120.04 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.44, compared to 94.48 ahead of the report.

Meanwhile, U.S. stock markets were lower after the open. The Dow 30 slumped 0.75%, the S&P 500 dropped 0.75%, while the Nasdaq Composite tumbled 1%.

Elsewhere, in the commodities market, gold futures traded at $1,191.50 a troy ounce, compared to $1,190.60 ahead of the data, while crude oil traded at $60.00 a barrel from $59.75 earlier.

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