New jobs report shows 7.6 million jobs added in April as layoffs and people quitting their jobs both fell
The U.S. labor market showed resilience in April, with job openings increasing to 7.6 million, surpassing economists' expectations. While layoffs and voluntary quits decreased, indicating worker confidence, overall gross hiring also declined. This trend suggests companies are hesitant to expand their workforce despite retaining existing employees. The job market's recovery from a slow 2025 is supported by factors like tax refunds, though their impact is waning. AI
