The number of job openings in the US decreased for the second consecutive month, reaching a three-year low. In April, there were 8.06 million available jobs, down from the revised 8.36 million in the previous month. Economists had expected 8.36 million job openings. The ratio of available jobs to job seekers was the lowest since June 2021. This decline in job growth could indicate a slowdown in the broader economy. Other labor turnover indicators showed minimal changes in April, with the quits rate remaining steady at 2.2% for six consecutive months. New hires increased slightly, while layoffs decreased.
