WRAPUP 1-US labor market still tight as job openings rise, layoffs fall
Written by Black Hot Fire Network on May 31, 2023
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Job openings increase 358,000 to 10.1 million in April
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Layoffs drop 264,000; voluntary quits decrease 49,000
By Lucia Mutikani
WASHINGTON, May 31 (Reuters) - U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the Federal Reserve to raise interest rates again in June.
The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Wednesday also showed layoffs declining significantly last . . .
