Job openings fell to two-year low, fewer people quit

Job openings in the US fell in April to a two-year low and fewer people quit in what could be a sign of weakness in the labor market that could strengthen the case for the Federal Reserve to start cutting interest rates.

The number of job vacancies dropped by 1.8 million jobs to 8.1 million, the Bureau of Labor Statistics said in a news release. Those leaving their jobs reached 3.5 million, from 3.6 million a year earlier.