U.S. job openings rise to 10.1 million as the labor market stays strong despite rate hikes
U.S. job openings rose unexpectedly in April a sign the American labor market remians surprisingly resilient as the Federal Reserve pushes interest rates higher to combat inflation
By PAUL WISEMAN
Published - May 31, 2023, 10:15 AM ET
Last Updated - Jun 21, 2023, 02:37 PM EDT
WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market even as the Federal Reserve attempts to cool the economy in its fight against inflation.
Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January. Economists had expected vacancies to slip below 9.5 million.
Layoffs fell, but the number of people quitting their jobs — a sign of confidence that they can find better pay or working conditions elsewhere — slid last month.
