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US new job openings at record high; Fed may hike rates next month

Wage gains have remained sluggish even as the unemployment rate has tumbled to a 16-year low of 4.3%

Reuters  |  Washington 

USjobopeningssurgedtoarecordhighinAprilandemployersappearedtohavetroublefindingsuitableworkers,pointingtoatighteninglabourmarketthatcouldencouragetheFederalReservetoraiseinterestratesnextmonth. ThelabourDepartment'smonthlyJobOpeningsandlabourTurnoverSurvey,orJOLTS,publishedonTuesdayalsosuggeststhatarecentmoderationinjobgrowthcouldbetheresultofaskillsmismatchratherthaneasingdemandforlabour. "Thesedataunderscorethedifficultyinhiringnewworkers,whichwethinkisincreasinglylikelytobea ...

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First Published: Wed, December 06 2017. 23:04 IST
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