So, this is good news:Monthly job openings were last at 5.6 million on the last business day in January, the Labor Department reported in March. The hiring rate dipped to 3.6 percent from 3.7 percent the prior month. Job openings, a measure of labor demand, increased 118,000 to a seasonally adjusted 5.7 million, the Labor Department said on Tuesday. Add this to what we learned last week, that hirings decreased substantially, but at the same time the unemployment rate drops. But think back to what was happening before this--we'd see great job gains but the unemployment rate would stay static or sometimes even rise.

Source: Forbes April 11, 2017 16:30 UTC