U.S. Job Openings Rise to Record, Exceeding Number of Unemployed
This article is for subscribers only.
U.S. job openings unexpectedly rose to a fresh record in April, with vacancies increasingly exceeding the number of unemployed workers amid a robust labor market, Labor Department data showed Tuesday.
The gains reinforce the view that the economy is creating jobs at a pace that can absorb any remaining labor-market slack. The report follows data released last week that showed payrolls increased more than forecast in May, the unemployment rate fell to 3.8 percent, matching April 2000 as the lowest since 1969, and wages also picked up.