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Job openings fall more than expected

1

The US Job Opening and Labor Turnover Survey showed there were 8.06 million job openings in April, down from the revised 8.355 million in March and fewer than the 8.35 million economists polled by Bloomberg were expecting. It's the lowest level since February 2021.

The job opening rate was 4.8% compared to 5.0% the prior month and the quit rate was 2.2%, which matched the March rate.

Yahoo Finance's Madison Mills and Brad Smith break down the data.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Stephanie Mikulich.

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