U.S. Job Openings Unexpectedly Surge in April, Supporting Fed's View of a Strong Labor Market

According to a report by Jinse Finance, job vacancies in the United States unexpectedly increased in April, with a significant rise, and the number of hires also grew, indicating that despite heightened economic uncertainty, demand for workers remains healthy. Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that job vacancies rose from a revised 7.2 million in March to 7.39 million, exceeding the expected 7.1 million. The increase in job vacancies was driven by private sectors such as professional and business services, healthcare, and social assistance. While state and local education led to a decrease in total government job vacancies, federal government job vacancies increased. The rise in job vacancies, along with stable hiring and low unemployment rates, supports the Federal Reserve's assertion that the job market is in good condition. However, unemployed individuals are expected to take longer to find jobs, and economists anticipate that under the heavy pressure of tariffs imposed by President Trump, the labor market will show more pronounced weakness in the coming months. (Jin10)