U.S. job openings rise slightly in April

The number of job openings in the U.S. rose above the number of unemployed workers in April for the first time, hinting at an ever-tightening labor market. The number of job openings rose slightly to 6.70 million in April, a record high since the series started in December 2000. Durable goods manufacturing and information added openings, while fewer jobs were available in finance & insurance, noted Wells Fargo in a research report.

The number of unemployed workers per job opening fell below 1 for the first time to 0.9. There is little reprieve in sight for employers who are facing difficulty in filling open positions. Total separations rose a bit in April to 5.41 million, but remained constant as a share of employment. The share of workers who were laid off or discharged in the month rose slightly, with rises in finance & insurance and arts, entertainment & recreation. Quits and other separations were slightly changed.

Employers hired 5.58 million workers in April. Hires have outpace separations in every month since August 2010, stated Wells Fargo.

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