April job postings remain near record highs, U.S. employers say


Placeholder while loading article actions

Job offers remain close records with 11.4 million job openings as the tight labor market continues to be a bright spot for the US economy.

Some 4.4 million Americans left or changed jobs in April, according to a report released Wednesday by the Bureau of Labor Statistics, using their leverage in a labor economy where job openings continue to outnumber jobs. job seekers by nearly two to one.

Employers said they hired 6.6 million people in April. Layoffs, meanwhile, fell to a record 1.2 million as companies sought to keep the workers they had.

“The labor market remains strong even if things are calming down a bit,” said Nick Bunker, economist at job site Indeed. “We are still in a market of workers and job seekers.”

The latest figures come as the U.S. job market is posting solid month-on-month growth. US employers added 428,000 jobs in April – the 12th consecutive month of at least 400,000 new jobs. The unemployment rate is at a pandemic low of 3.6%.

US unemployment rate remains at pandemic low of 3.6%

In total, the labor market has created more than 6.5 million jobs over the past year and is on track to return to pre-pandemic levels this summer. This rapid growth has allowed millions of workers to leave unsatisfying jobs.

Abigail Josephine worked at a veterinary hospital in Chattanooga, Tennessee, for less than a month before quitting her job as a veterinary technician in April. The tight job market, combined with a stressful work environment, made the decision relatively easy, she said. The 20-year-old applied for several other positions but eventually tendered her resignation even with no further offers.

“At first, I wasn’t sure if I would quit,” Josephine said. “But I came home crying, and my husband told me no job was worth my sanity like this.”


Leave a Reply

Your email address will not be published.