Job Openings Reach Two-Year High While Hiring Declines
The U.S. labor market saw job openings rise to their highest level since May 2024 at 7.62 million in April, surpassing economists' expectations of around 6.8 million. However, hiring fell by 419,000 month-over-month to 5.1 million, with most gains coming from professional and business services, particularly healthcare.
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Topics: hiring trends job market JOLTS report labor statistics