Job openings in April soared to a record 9.3 million as the economy rapidly recovered from its pandemic depths.
The standard set in April was well above the 8.3 million in March that itself was a new high going back to 2000 for the Labor Department’s Job Openings and Labor Turnover Survey.
Federal Reserve policymakers closely watch the JOLTS numbers for indications of labor market slack, though they run a month behind the more widely publicized nonfarm payrolls count.
Markets had been looking for a JOLTS number around 8.18 million, according to FactSet. The total openings for the month was just below the total considered unemployed.
Job availability surged 32.7% in leisure and hospitality,…