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Job openings decline sharply

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Americans should expect more cooperation from the political class but that's not likely to happen in the middle of an election cycle. There are options out there such as the jobs bill that the GOP is blocking or another stimulus, but the Republicans are much more interested in damaging the economy so they can increase their chances of winning in November.

Although private industry is enjoying record profits, they're not hiring and won't hire until there is a stronger recovery. We can see from the UK and Europe that austerity is not the answer but that message hasn't made it through to the Republicans who believe that it's working well.

One of these days the GOP is going to have to step up and do something about jobs instead of obstructing. Why can't they think of all Americans rather than just the 1%?

The Job Openings and Labor Turnover Survey, or JOLTS, indicated 3.4 million job openings at the end of April, an 8 percent decline from the previous month.

The pace of total hiring also slowed, with 160,000 fewer jobs filled during the month.

Moreover, the drop showed weakness across the employment spectrum, with manufacturing seeing 62,000 fewer job openings and construction dropping by 2,000.

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