U.S. Job Openings Remained High in April Before Hiring Eased
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U.S. job openings remained near a record in April, signaling demand for workers was firm ahead of weaker hiring in the following month that’s raised concerns the economy is slowing.
The number of positions waiting to be filled dipped by 25,000 in April to 7.45 million, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Monday. The quits rate held at 2.3%, matching the highest level of the economic expansion and suggesting workers remain confident in their ability to find a job.