With 7.6 million job openings in April, the U.S. job market hit its highest level since May 2024, according to Yahoo! Finance.
This is a gain of 731,000 since March, and the overall number of jobs exceeds economist forecasts, which anticipated 6.8 million openings.
However, hiring numbers dropped by 0.3% to 3.2%.
Most of the job increase numbers came from the professional and business services sector, with 668,000 jobs.
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“For now, the labor market remains mostly stable. With the quits rate and the layoff rate ticking down in April, neither employees nor employers are in a hurry to make moves,” Oxford Economics senior U.S. economist Matthew Martin said in a note, according to CNBC.
