There could be a slowdown in the pace of job creation, which will likely have an adverse effect on a still shaky recovery in the U.S.
Business owners are taking a "wait and see" approach to any decisions to expand their work forces.
Job openings in the U.S. fell in April, showing companies were waiting to assess the effects of higher taxes and reduced government spending before committing to bigger staff increases.
The lowest number of "open positions since January will make job creation difficult to maintain at its recent pace.
The number of positions waiting to be filled fell by 118,000 to 3.76 million, the fewest since January, from a revised 3.88 million in March, the Labor Department reported today in Washington.
Today’s data indicate it will be difficult for the world’s largest economy to keep adding jobs at May’s 175,000 pace as government spending cuts, known as sequestration, slow growth this quarter.
Not good news for the unemployed and the under employed