Indicators
US Job Openings Surge to 10.1 Million, Upping Odds for Fed Hike
- April advance led by retail trade, health care, transportation
- Two-year yields spike as traders increasingly bet on June hike
An employee at a store in Merced, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Vacancies at US employers unexpectedly surged in April to the highest in three months, giving the Federal Reserve more reason to consider hiking interest rates again soon.
The number of available positions increased to 10.1 million from an upwardly revised 9.75 million in March, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The figure beat all estimates in a Bloomberg survey of economists, which called for 9.4 million openings.