Job openings rise to 10.1 million, labor market stays strong
- U.S. Job openings rose unexpectedly to 10.1 million in April, indicating a resilience in the labor market.
- The number of layoffs fell, but the number of quits dropped to the lowest level since March of 2021.
- The Federal Reserve's efforts to combat inflation have been complicated by the growing number of job openings, and many economists expect a recession to start later this year.
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Leaning Left16Leaning Right5Center11Last Updated11 months agoBias Distribution50% Left