You always want higher highs and higher lows.
The hires from JOLTS confirms the trend is broken, for now. May, June, and July (the one month trough) will bear watching.
Important. There is still hiring going on. This isn’t a retrenchment. And there is only so much hiring that can be done because of cycles. I don’t know if this is a trend to take us to a recession. I can’t predict. Hardly anyone can. I mean predict accurately. I just go with what is happening and try to be early to see it.