In April, U.S. job openings unexpectedly increased to 7.4 million, contrary to economists' expectations of a decline to 7.1 million. Despite this rise, the number of resignations fell, indicating reduced confidence among workers regarding their job prospects. This increase in openings, however, comes amidst an uncertain economic outlook influenced by trade policies and high interest rates. Job growth forecasts for May estimate a decrease, with predictions of 130,000 new jobs, while the unemployment rate is expected to remain low at 4.2%.
U.S. job openings rose unexpectedly in April to 7.4 million, indicating resilience in the labor market amidst President Trump's trade uncertainties.
While job vacancies increased, the number of Americans quitting their jobs fell, suggesting a decline in confidence about future employment opportunities.
Collection
[
|
...
]