The number of job openings increased to 7.5 million in March, according to the Bureau of Labor Statistics, an increase of 346,000 from the previous month.

Net Employment Gain

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in April, hires totaled 69.6 million and separations totaled 66.8 million, yielding a net employment gain of 2.8 million. These totals include workers who may have been hired and separated more than once during the year.