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Published 11 months ago

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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