US job openings hit lowest level in nearly two years more workers quit

WASHINGTON, April 4 (Reuters) – U.S. job openings dropped to their lowest level in nearly two years in February, suggesting that labor market conditions were finally easing, welcome news for the Federal Reserve as it considers whether to pause its interest rate hiking cycle. Despite the larger-than-expected decline in job vacancies reported by the Labor Department on Tuesday, the labor market remains tight, with 1.7 job openings for every unemployed person in February. The decline in job openings occurred before the recent financial market turmoil, which led to tighter credit conditions and sparked fears of broad job losses in the…