Job openings fall to lowest level since February 2021
What was the number of job openings reported at the end of April, and how does this compare to the previous month?
The number of job openings reported at the end of April was 8.06 million, according to the Bureau of Labor Statistics. This is a decrease from the 8.35 million job openings in March. March's figure was revised lower from the initially reported 8.48 million open jobs.
What were the total hires made in April, and how does this figure compare to March?
In April, there were 5.6 million hires made, which is little changed from March. The hiring rate held steady at 3.6%, remaining unchanged from the previous month.
What does the quits rate indicate about worker confidence, and what was this rate in April?
The quits rate is a measure of the number of workers who voluntarily leave their jobs, and it is seen as an indicator of worker confidence. A higher quits rate suggests that workers are more confident in their ability to find new jobs, often due to a strong labor market with many job openings. In April, the quits rate held steady at 2.2%.