Reported 2 days ago
The Job Openings and Labor Turnover Survey (JOLTS) reports that job openings in the US rose to 7.39 million in April, exceeding initial estimates of 7.1 million. This marks an increase from the previous month's revised figure of 7.2 million. The job opening rate stood at 4.4%, a slight rise from 4.3%. Meanwhile, the quits rate decreased to 2%, indicating potential cooling in the labor market, and layoffs saw a small uptick. Analysts emphasize that while the figures are somewhat positive, they anticipate gradual slowing in payroll growth throughout the year.
Source: YAHOO