The U.S. labor market remained resilient in April, with job openings ticking higher and signs of stability emerging despite ongoing economic and policy uncertainty, according to a new report from Wells Fargo Economics. While the increase in openings suggests labor demand has not collapsed, the broader trend still points to a gradual softening. Meanwhile, subdued turnover indicates that both employers and workers are taking a more cautious stance, mirroring broader concerns over inflation and economic momentum.

The April Job Openings and Labor Turnover Survey (JOLTS) showed job openings rising to 7.4 million, up from March’s upwardly revised level. However, this figure is still down eight percent from the peak in November 2024, suggesting that while demand for workers persists, it is not a

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