U.S. layoffs ease in April; hiring slumps to record low

Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.The report from the Labor Department on Tuesday also showed a decline in job openings as the economy battles a recession triggered by the pandemic."The labor market has a lot more progress to make."