There were 10.1 million job openings across all sectors that month, according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey updated Wednesday. The rise is a sign that the labor market, which has held up despite a series of major threats over the past two years, is remaining robust despite the Fed’s rate hikes and the turmoil in the banking system following the collapse of Silicon Valley Bank.
About 3.8 million workers quit their jobs in April, down slightly from 3.9 million the month before. The figure is equivalent to about 2.4% of the workforce. Also of note in Wednesday’s JOLTs report, layoffs and discharges declined to 1.6 million in April. The layoff rate has now decreased to 1%.
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