world-economy

US Job Openings Reach Two-Year Peak as Layoffs Decline

U.S. job openings climbed to nearly two-year highs in April while layoff activity contracted, signaling continued labor market strength. Manufacturing activity reached its strongest level since May 2022, with companies gradually increasing hiring despite persistent cost pressures. Rising energy expenses tied to the Iran war have tempered business confidence, yet employers continued adding positions. Port facilities reported softer demand conditions and higher operating costs that limited cargo movement. Manufacturers expressed cautious optimism as hiring restraint gradually eased and uncertainty subsided. Employment gains remained resilient even as cargo volumes softened, suggesting uneven recovery dynamics across logistics and transportation sectors in the second quarter.