Job Market Shrinks to Three-Year Low Amid Signs of Cooling: April Job Openings Hit 3-Year Low
Bolivia, North Carolina – The job market in the United States is showing signs of contraction, with the number of job openings decreasing for the second consecutive month. In April, there were 8.06 million available jobs, the lowest level since February 2021, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report. This downward trend in job openings is an indication of a potential slowdown in the labor market. …