Economics
U.S. Job Openings Slump to Lowest Since 2014, Separations Ease
A restaurant and bar stands temporarily closed in Bentonville, Arkansas on May 28.
Photographer: Terra Fondriest/BloombergThis article is for subscribers only.
U.S. job openings plummeted in April to the lowest since 2014 and separations remained elevated as the pandemic ripped through the labor market with devastating speed.
The number of available positions dropped to 5.05 million from a revised 6.01 million in March, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday. That compares with a median forecast in a Bloomberg survey of economists for 5.75 million openings.