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- U.S. job openings fall less than expected in April
U.S. job openings fall less than expected in April
The Job
Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on
Monday showed a slight decrease (-0.3 percent m-o-m) in the U.S. job openings
in April.
According to the
report, employers posted 7.449 million job openings in April, compared to the March
figure of 7.474 million (revised from 7.488 million in original estimate) and economists’
expectations of 7.400 million. The job openings rate was 4.7 percent in April, the
same as in the prior month. The report showed that the number of job openings
was little changed for total private and for government. The job openings level
increased in federal government (+22,000) and educational services (+20,000).
Job openings declined in professional and business services (-172,000).
Meanwhile, the
number of hires edged up to 5.937million in April from 5.697 in March. The
hiring rate was 3.9 percent, up from 3.8 percent in March. The hires level
edged up for total private (+217,000) and was little changed for government.
Hires rose in real estate and rental and leasing (+34,000).
The separation rate in April was at 5.578 million or 3.7 percent, compared to 5.508 million or 3.7 percent in March. Within separations, the quits rate was 2.3 percent (flat m-o-m), and the layoffs rate was 1.2 percent (+0.1 pp m-o-m).
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