U.S. JOLTS Bolt Higher in April

Job openings south of the border surged to a record high in April while hiring slowed, suggesting a recent moderation in job growth was the result of employers having difficulties finding qualified workers.

The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed there were six million job openings on the last day of business in April, an increase of 259,000 from March. Hiring decreased by 253,000 jobs to 5.1 million.

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