Another jobs measure that the Fed watches improved further in April. The number of job openings (mainly in the private sector) rose to 5,376k, the highest since this particular survey began in late 2000.
All of the openings were in trade, transportation and utilities, as well as professional & business services, and education & health......all areas which were also strong in May, according to the payroll report.
Hiring cooled a bit, to a still high 5,007k from 5,088k in the prior month.....perhaps employers found it difficult to find workers who brought what they were looking for to the table? The quits rate eased a bit as well, to 1.9%, in line with its long-term average.
