Market Updates
April Job Openings Ease from Record March 11.9 Million
Brian Turner
01 Jun, 2022
New York City
Job openings eased in April but still remained above 11 million indicating tight labor market conditions.
The openings declined 445,000 in April from an upwardly revised record 11.855 million in March.
New hires in the month were little unchanged at 6.6 million and separations including quits and layoffs were also nearly unchanged at 6.0 million, the Bureau of Labor Statistics reported in the Job Openings and Labor Turnover Survey.
The JOLT survey, based on 20,700 companies of the nearly 9.4 million establishments, showed job openings declined but were still strong at 11.4 million.
The largest increases were in transportation, warehousing, and utilities with 97,000 job openings followed by nondurable goods manufacturing with 67,000; and durable goods manufacturing with 53,000.
The largest decreases in job openings were in health care and social assistance with 266,000, retail trade with 162,000, and accommodation and food services with 113,000.
Total job openings rate declined to 7.0% in April from 7.3% in March.
Large number of hires and separations occur in the U.S. economy indicating its dynamism.
Hires totaled 78.0 million and separations totaled 71.6 million, yielding a net employment gain of 6.4 million, in 12 months to April.
These totals include workers who may have been hired and separated more than once during the year.
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