Overview

• Job vacancies rose by 190,000 to 7.39 million in April, surpassing expectations for a decline to 7.1 million.
• Employers added 5.57 million workers in April, marking the strongest hiring pace since May 2024.
• Layoffs increased by nearly 200,000 to 1.786 million, reversing a similar dip recorded in March.
• The quits rate held at 2%, remaining above historical norms and indicating sustained worker confidence.
• Economists forecast unemployment will stay around 4.2% in May as the Federal Reserve watches for signs of tariff-related cooling.