Economy

Job openings tumble to lowest level in more than 5 years

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Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019.

Tom Brenner | Reuters

Job openings through the first full month of the coronavirus pandemic reached their lowest level in more than five years, according to Labor Department figures released Tuesday.

As companies shed record-breaking numbers of employees, the total vacancies plunged to 5.05 million in April, the lowest total since December 2014, the government’s Job Openings and Labor Turnover Survey showed. That was a million below the March level and represented a 28% tumble from February’s 7.3 million. Economists surveyed by FactSet had been looking for 5.75…



Source cnbc.com

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