US job openings fell to 5.05 million in April from a revised 6.01 million in March, a Tuesday report by the Labor Department showed.
"Today's report supports the notion that the labor market has probably already hit the bottom," Nick Bunker, an economist at Indeed, told Business Insider.US job openings slumped in April, but total separations eased, signaling that the labor market may be past the worst hit from the coronavirus pandemic.
At the same time, separations, which include layoffs and quits, also fell to 9.89 million after reaching a record 14.64 million in March.
But rebounded miraculously in May after a bogus jobs report gets released.
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