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Rate of Job Openings Improving

According to the Bureau of Labor Statistics, the job opening rate climbed to 2.9 percent in the month of February compared to the downwardly revised rate of 2.7 percent for the month of January. The improving job opening rate indicates economic expansion. In addition, the rate of job openings in the private sector jolted to 3.2 percent. However, the rate of job openings in the government sector still remains low.