US hiring in April at slowest pace in nearly two years
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[WASHINGTON] The pace of hiring by US employers slowed to near a two-year low in April, pushing up job openings in a potential sign that firms are having a hard time finding workers.
The Labour Department said on Wednesday in its monthly Job Openings and Labour Turnover Survey, or JOLTS, that the rate of hiring fell to 3.5 per cent from 3.7 per cent in March. That was the slowest rate since August 2014.
Job openings, a measure of labour demand, increased 118,000 to a seasonally adjusted 5.79 million, the highest number since last July. The job openings rate rose to 3.9 per cent.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
