Reported 4 months ago
U.S. job openings dropped in April to the lowest level since 2021, with employers posting 8.1 million vacancies, down from 8.4 million in March. Despite high interest rates and signs of a slowing economy, the job market remains strong with a steady number of job openings. The current level of job openings, which has been above 8 million for 38 consecutive months, reflects a resilient U.S. labor market despite concerns over a recession. The Federal Reserve's efforts to combat inflation have had limited impact on job growth, with the economy continuing to add jobs and the unemployment rate remaining low at 3.9%.
Source: YAHOO