U.S. job openings hit two-year high in April, but hiring rate declines
By
Courtenay Brown
Sketches a bagel but doesn't bake it through.
Summary
Job openings in the U.S. surged by 731,000 in April, reaching their highest level in two years and marking the biggest monthly increase in five years. However, the hiring rate fell sharply by 0.3 percentage points to 3.2%, indicating that while employers are posting more vacancies, they are not yet actively bringing staff on board at the same pace.
Key quotes
· 4 pulledJob openings soared to their highest level in two years in April, a sign that employers' appetite to hire is steadily improving
Job openings surged by 731,000 in April — the biggest monthly surge in five years, bringing vacancies to their highest level since 2024
The hiring strength evident in March reversed sharply, with the rate falling 0.3 percentage point, to 3.2%
The hiring rate is still low, but at least companies appear to be hunting
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