Job openings slightly increased in April due to reduced layoffs: labor market remains stable and shows no signs of rapid cooling
The number of vacancies in April increased slightly due to the reduction in layoffs: The labor market remains stable and shows no signs of rapid cooling
Below, EPI Senior Economist Elise Gould offers her initial findings on today’s April Jobs and Turnover Survey (JOLTS). Read the full Twitter thread here.
The number of vacancies has fallen overall over the past year, slowly but steadily approaching pre-pandemic levels, although clearly not yet reaching this level. Much of the rate hikes we’ve seen may have been driven by increased labor market turnover rather than pure new demand. pic.twitter.com/XAYqdMNZUy
— Eliza Gould (@eliselgould) May 31, 2023
Last month, it looked like the labor market might be cooling, given the increase in layoffs in March, but the rise in jobs in April and the reduction in layoffs in today’s report suggest that the labor market remains stable and does not cool quickly. pic.twitter.com/vQCQhsX05u
— Eliza Gould (@eliselgould) May 31, 2023
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