00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. job openings rose to 7.6 million in April, up from 6.9 million in March and the
00:09highest level
00:09since May 2024, the Labor Department reported Tuesday, according to PBS News. Economists had
00:16forecast 6.8 million openings. The JOLTS report showed layoffs fell in April, but so did the
00:23number of workers quitting their jobs and gross hiring, suggesting companies are holding on to
00:28existing workers rather than adding new ones. Job growth has averaged 76,000 a month from January
00:35through April, recovering from a weak 2025 when employers added fewer than 10,000 jobs a month.
00:42Trump's immigration crackdown and baby boomer retirements have reduced the break-even employment
00:47level to near zero, down from 155,000 a month two or three years ago. The Labor Department will
00:54release its May jobs report Friday. For all things money, visit Benzinga.com.
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