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US job openings soar to highest level on record | News, Sports, Jobs
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2 weeks ago in National
A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic) Photo: Associated Press
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.
US Dollar (DXY) Forecast - US CPI and UST 10-Year Sale Hold Sway Over the USD
2021-05-12 09:30:00
Nick Cawley,
Strategist
US Dollar Price, News, and Analysis:
US inflation (April) is expected to jump to 3.6% y/y.
USD41 billion 10-year USTs hit the street later in the session.
The eagerly awaited US inflation release for April – 12:30 GMT – will give traders the latest update on price pressures in the US, and expectations are for a hefty y/y increase. In recent weeks, official talk around US inflation has included the word ‘transitory’ in just about every release and Fed chair Jerome Powell continues to look through what he thinks is a short-term spike in prices. Last Friday’s Jobs Report showed weak job creation, dampening fears of inflation, but the latest US Job Openings and Labour Turnover Survey (JOLTS) showed a record 8.1 million job openings in March, while February’s figure was also revised upwards to 7.53 million from 7.37 million. If labour market conditio
Pay Up: April Consumer Prices Rise Sharply, Triggering Inflation Worries And Pressuring Market
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WASHINGTON
U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.
Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday, known as the Job Openings and Labor Turnover Survey, or JOLTS. The figures follow an April jobs report last week that was far weaker than expected, largely because companies appear unable to find the workers they need, even with the unemployment rate elevated at 6.1%.
Job openings rose nearly 8%, to 8.1 million in March, the most on records dating to December 2000, the government said. Yet overall hiring that month rose less than 4% to 6 million. The hiring number is a gross figure, while the government’s jobs report which said 770,000 jobs were added in March uses a net total.
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