Job openings climb to 5.788 million in April
The U.S. Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report on Wednesday. Job openings jumped to 5.788 million in April from 5.670 million in March, missing expectations for a rise to 5.672. March's figure was revised down from 5.757 million.
The number of job openings rose for total private (5.289 million) and for government (498,000) in April from March.
The hires rate was 3.5% in April.
Total separations decreased to 4.988 million in April from 5.096 million in March.
The JOLTS report is one of the Federal Reserve Chair Janet Yellen's favourite labour market indicators.