As US job openings decline, Federal Reserve more optimistic

WASHINGTON D.C.: In welcome news for the Federal Reserve Bank, which is considering whether to halt its cycle of interest rate hikes, in February job openings in the US declined to their lowest level in nearly two years.

Meanwhile, the Labor Department reported a larger-than-expected decline in job vacancies, though the labor market remains tight with February having 1.7 job openings for every unemployed person,