Jobs Report April 2013; job openings fell, total hiring jumped, more people quit their jobs

More quits are a good sign

 WASHINGTON (AP) -- U.S. employers advertised fewer jobs in April, but overall hiring rose and the number of people quitting their jobs increased.

The Labor Department says job openings fell 3 percent to a seasonally adjusted 3.75 million.

Total hiring jumped nearly 5 percent to 4.4 million. And the number of people quitting their jobs increased 7.2 percent to 2.25 million.

More hiring and quits are a sign of a dynamic job market. Most workers quit jobs when they have a new position or are confident they can find one. More quits are therefore a good sign.

The job market is very competitive for those looking for work. There were 3.1 unemployed workers, on average, for each open job in April. In a healthy economy, the ratio is 2 to 1.

Print this article Back to Top

Comments