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  • U.S. job openings fall 3.5 per cent in April, hires rise 0.4 per cent, separations increase 0.8 per cent
Ekonomické zprávy
04.06.2024

U.S. job openings fall 3.5 per cent in April, hires rise 0.4 per cent, separations increase 0.8 per cent

The Job Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on Tuesday revealed a 3.5 per cent m-o-m fall in the U.S. job openings in April after a revised 5.2 per cent m-o-m decline (from -3.7 per cent m-o-m) in March.

According to the report, employers posted 8.059 million job openings in April compared to the March reading of 8.813 million (revised from 8.488 million in last month’s report) and economists’ forecast of 8.340 million. This marked the lowest figure since February 2021 (7.818 million). The job openings rate came in at 4.8 per cent in April, down from a downwardly revised 5.0 per cent (from 5.1 per cent) in the previous month. The report showed that the largest decreases in job openings occurred in health care and social assistance (-204,000), private education and health services (-154,000) and leisure and hospitality (-109,000). Meanwhile, the biggest advance took place in professional and business services (+122,000).

At the same time, the number of hires rose by 0.4 per cent m-o-m to 5.640 million in April compared to an upwardly revised 5.617 million (from 5.500 million) in March. The hiring rate came in at 3.6 per cent, unchanged compared to an upwardly revised March reading of 3.6 per cent (from 3.5 per cent). Hires noticeably grew in trade, transportation, and utilities (+92,000) and manufacturing (+68,000), but decreased in leisure and hospitality (-74,000), professional and business services (-64,000), and arts, entertainment, and recreation (-45,000). 

The separation rate was 5.372 million (or 3.4 per cent) in April, up 0.8 per cent from an upwardly revised March reading of 5.330 million (or 3.4 per cent). Within separations, the number of quits reached 3.507 million (+2.9 per cent m-o-m) and the number of layoffs reached 1.515 million (-5.4 per cent m-o-m). The quits rate was 2.2 per cent (flat m-o-m), and the layoffs rate was 1.0 per cent (flat m-o-m).

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