U.S. employers increased job openings more than expected in April while hiring and layoffs also both rose, according to a report Tuesday, June 3, that indicated a relatively steady labor market.
The Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey showed available jobs totaled nearly 7.4 million, an increase of 191,000 from March and higher than the 7.1 million consensus forecast by economists surveyed by FactSet.
The ratio of available jobs to unemployed workers was down to 1.03 to 1 for the month, close to the March level. Hiring also increased for the month, rising by 169,000 to 5.6 million, while layoffs rose by 196,000 to 1.79 million. See more key takeaways.