US job openings slip in April; hiring rises - FOX 10 News | fox10phoenix.com

US job openings slip in April; hiring rises

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WASHINGTON (AP) -- U.S. employers advertised fewer jobs in April, but overall hiring rose and the number of people quitting their jobs increased.

The Labor Department says job openings fell 3 percent to a seasonally adjusted 3.75 million.

Total hiring jumped nearly 5 percent to 4.4 million. And the number of people quitting their jobs increased 7.2 percent to 2.25 million.

More hiring and quits are a sign of a dynamic job market. Most workers quit jobs when they have a new position or are confident they can find one. More quits are therefore a good sign.

The job market is very competitive for those looking for work. There were 3.1 open jobs, on average, for each unemployed worker in April. The ratio is 2 to 1 in a healthy economy.

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