Growing Willingness To Quit Jobs Seen as a Sign of Returning Confidence
But the number of available jobs slipped
More Americans are quitting their jobs, suggesting many are growing more confident in the job market.
The Labor Department said Tuesday that the number of people who quit their jobs in April jumped 7.2 percent to 2.25 million. That's just below February's level, which was the highest in 4 ½ years.
Overall hiring also picked up in April, though not as dramatically. Employers filled 4.4 million jobs in April, a 5 percent increase from March. Hiring fell in March and April's level was below February's.
The report offered a reminder that the job market is far from healthy. The number of available jobs slipped fell 3 percent to a seasonally adjusted 3.75 million. Openings had reached a five-year high in February and remain nearly 7 percent higher than a year ago.