In April, the U.S. job market demonstrated unexpected resilience, with job openings increasing to 7.4 million, surpassing economists' expectations. While the job openings figure is high historically, it represents a decline from the 12.1 million openings in March 2022. The number of Americans voluntarily leaving their jobs has decreased, signaling waning confidence in the job market. Additionally, although layoffs have upticked slightly, especially in federal positions, the overall employment landscape remains stable amidst challenging economic conditions influenced by current trade policies.
Employers posted 7.4 million job vacancies in April, reflecting a resilient labor market despite uncertainties from President Trump's trade policies.
The number of Americans quitting their jobs fell, indicating a potential decrease in confidence among workers regarding better opportunities.
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