Overview

• Job openings fell by nearly 300,000 in April to 8.06 million, the lowest since February 2021.
• The ratio of job openings to unemployed workers dropped to 1.24, matching pre-pandemic levels.
• Layoffs remained low, while quits increased slightly, showing worker confidence in finding new jobs.
• The cooling labor market may influence the Federal Reserve's decisions on interest rates.
• Despite the slowdown, job openings remain historically high, reflecting strong labor demand.