Job openings fell to their lowest level in more than three years in April, but quits rose and layoffs fell. (Hires were flat.) So net net probably the same story of a strong albeit gradually cooling labor market. #JOLTS Data: www.bls.gov/news.release/jolts.nr0.htm

The downward trend in hiring continued in Apr - we're not just below the pre-pandemic trend but hundreds of thousands below the pre-pandemic level; this is a strong, healthy labor market? pic.twitter.com/yjBDMFsVg6

Job openings continue to trend toward pre-pandemic levels, down nearly 300k between March and April, and down 1.8 million over the year. High levels of job openings at the height of the pandemic recovery were driven by faster churn. The job openings rate is nearly back to normal. pic.twitter.com/TA9uoNaCC6

In March 2022, there were roughly 2 openings for every unemployed worker. In April 2024, that ratio was 1.2. ~80% of the decline came through a drop in openings vs only 20% from rising unemployment pic.twitter.com/hZkC5fPOMm