US jobless claims fell -288k to 7.19 million in March, well below the 7.48 million forecast.

• Private job openings fell -229k to 6.36 million, and the private job openings rate fell -0.1 ppts to 4.5%, the lowest since September 2024.
• Total hires increased 41k to 5.41 million, and total separations fells -179k to 5.14 million.

• Total quits increased 82k to 3.33 million, and the quit rate increased 0.1 ppts to 2.1%, the highest since July 2024.’
• Total layoffs fell -222k to 1.56 million, and total private layoffs fell -229k to 1.45 million, both lower than a year ago.