![]() Growth also appears to be slowing, with most economists forecasting that the economy will expand in the April-June quarter at about half the pace it did in the first three months of the year. That suggests demand for labour is softening a bit. Still, there were warning signs: The number of job openings has declined from a record 7.6 million in November to 7.4 million in April. The report shows employers are confident enough about the economy to add staff. As a percentage of the workforce, new hires reached 3.9 per cent, a strong reading but below the record of 4.3 per cent reached in January 2001. Some of the increase in hiring simply reflects population growth. The Labor Department said Monday that businesses filled 5.9 million jobs that month, 4.2 per cent more than in March and the most since records began in December 2000. ![]() US employers hired the most people on record in April, while the number of open jobs was largely unchanged, evidence that the job market remains solid. ![]()
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