Reported 4 months ago
U.S. job openings dropped in April, leading to the lowest available jobs per job-seeker in nearly three years as the labor market normalizes. The report from the Labor Department's Bureau of Labor Statistics shows 8.059 million job openings by the end of April, down 296,000, indicating ongoing normalization between labor supply and demand. This decline, below economist forecasts, aligns with Fed Chair Jerome Powell's efforts to balance inflation and labor market conditions.
Source: YAHOO