ISM Services Prices Paid Unchanged as US Job Openings Fall Slightly

U.S. job openings were little changed in March, edging down to 6.87 million from a revised 6.92 million in February. The report signals a still-firm labor market with only a modest month-over-month decline in available positions. Market impact should be limited, though the data may slightly inform views on labor tightness and the Fed's policy path.

Analysis

U.S. job openings were little changed in March, edging down to 6.87 million from a revised 6.92 million in February. The report signals a still-firm labor market with only a modest month-over-month decline in available positions. Market impact should be limited, though the data may slightly inform views on labor tightness and the Fed's policy path.