Job openings rose and hires dipped in February as the labor market continued to grind slowly higher.
There were 5.74 million openings on the last day of the month, the Labor Department said Tuesday, 2.1% higher than in January. But the number of hires, 5.31 million, was 2.1% lower than those in January.
Meanwhile, the number of people leaving jobs voluntarily declined 3.2% to 3.08 million, reflecting less confidence in the labor market among workers.
Job openings, the headline figure in the Labor Department’s Job Openings and Labor Turnover Survey, touched a record high last summer and have tread water since then. But quits haven’t regained their pre-recession highs yet.
The benchmark U.S. 10-year Treasury note
was little changed after the data, which lags the more closely-watched nonfarm payrolls release.