Payroll employment slipped 0.2% in March, the second straight monthly drawdown…

… driven by continued softness in food services, construction, and transportation.

Job openings ticked up slightly to 500K, but not enough to push the vacancy rate of 2.8% higher - which has held steady for the last four months…

… resulting in the number of job seekers per available seat stabilizing around three, pointing to oversupply in the labour market.