May 28, 2026
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.
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