Hiring Reaches Record 5.9 Million Workers in April

Employers hired a record 5.9 million workers in April, up 240,000 from the month before, the Labor Department said Monday, as the number of openings were little changed at 7.4 million.

The print for job openings from the department’s Job Openings and Labor Turnover Summary was in line with the consensus by Econoday.

According to the survey, 5.6 million workers left their jobs through resignations, layoffs or discharges in April.

The job opening rate for the month was 4.7%, unchanged from March. The federal government reported new 22,000 openings and educational services added 20,000.

April’s hiring rate rose one percentage point to 3.8%. Private-sector hiring rose 217,000 and was little changed for government. Real estate and rental and leasing hired 34,000.

The separation rate for April was flat at 3.7%. Separations for private and government employers was little changed. Real estate and rental and leasing’s level was 43,000 while the federal government’s was 10,000.

Quits were 3.5 million in April, with the quit rate at 2.3%. The report said that level was little changed for the private and government sectors. Quits in real estate and rental and leasing rose 28,000 while state and local government, excluding education, gained 13,000. Quits decreased 8,000 for the federal government.

Layoff and discharges were little changed at 1.8 million, with the rate at 1.2%. The print was little changed for private and government. Real estate and rental and leasing layoffs were 15,000.

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