Giving more teeth to the rough May job numbers, the April job openings and labor turnover report showed contracting employment in April. Total nonfarm job openings fell 325,000, or 8.7%, to 3.42 million. Hires dropped 160,000, or 3.7%, to 4.18 million. However, compared to last year both are up: openings increased 13% since April 2011 while hires rose 4%. Separations also declined, falling 81,000 to 4.09 million. Finance / Insurance and Information saw the only job opening gains, rising by 4,000 and 7,000, respectively.
For more information, see our Job Openings and Labor Turnover Report.