It's still a good market for job seekers and workers, though it's not as strong as a year ago.
Job openings were up and layoffs were down in April, shutting down fears that a recent rise in job cuts could be the start of a growing trend.
Experts worried a rise in layoffs could signal the start of a continuing trend, "so we were pleasantly surprised layoffs fell down closer to February levels after rising in March," Elise Gould, senior economist at the Economic Policy Institute tells CNBC Make It. Churn is coming down from record numbers through the last few years, when some 4 million people were quitting every month during the Great Resignation.
"It quantifies the degree to which the balance of power has shifted back from job seekers and workers to employers as the economy has recovered from the pandemic and staffing shortages have become less widespread an issue," she wrote for ZipRecruiter.
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