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US job openings fall in April, though hiring and quits pick up in sign of greater confidence
WASHINGTON – U.S. employers advertised fewer jobs in April, but overall hiring rose and the number of people quitting their jobs increased.
The Labor Department says job openings fell 3 per cent to a seasonally adjusted 3.75 million.
Total hiring jumped nearly 5 per cent to 4.4 million. And the number of people quitting their jobs increased 7.2 per cent to 2.25 million.
More hiring and quits are a sign of a dynamic job market. Most workers quit jobs when they have a new position or are confident they can find one. More quits are therefore a good sign.
The job market is very competitive for those looking for work. There were 3.1 open jobs, on average, for each unemployed worker in April. The ratio is 2 to 1 in a healthy economy.
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