The number of job openings fell in April but more workers quit their jobs during the month, a potential sign of confidence in the nation’s plodding labor market recovery.
Job openings, a measure of labor demand, fell to 3.757 million during the month from 3.875 million in March, the Labor Department said on Tuesday.
At the same time, the number of workers quitting their jobs rose to 2.251 million in April from 2.099 million in March. Economists generally view an increase in the number of quits as a sign workers are confident that they can find work elsewhere.
Yes, in a normal recovering economy this is seen as a positive sign. In an economy where unemployment has been at dangerous highs for years it’s a bit of a reach to pop the champagne open for it.
It would be interesting to see how many of those quitting to look for work elsewhere live near the Beltway jobs boom.