By CHRISTOPHER S. RUGABER, Associated Press
WASHINGTON (AP) — Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead.
The Labor Department says job openings fell to a seasonally adjusted 3.4 million in April, down from 3.7 million in March. The March figure was the highest in nearly four years.
The decline could mean employers are growing more cautious about adding workers in the face of turmoil in Europe and slower growth in the United States.
There were 12.5 million unemployed people in April. That means there was an average of 3.7 people competing for each open job. In a healthy job market, the ratio is usually around 2 to 1.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.