The Bureau of Labor Statistics (BLS) JOLTS report beat expectations, with the hiring hitting a series high and a number of job openings rising to 7.449 million on the last business day of April.
The consensus forecast was looking for an even 7.4 million. Hires increased slightly to a new high at 5.9 million, and separations were largely unchanged at 5.6 million.
|Indicator||Prior||Prior Revised||Consensus Forecast||Forecast Range||Actual|
|Job Openings||7.488 M||7.474 M||7.400 M||7.240 M to 7.450 M||7.449 M|
Within separations, the quits rate was unchanged at a low 2.3%, while the layoffs and discharges rate was unchanged at a low 1.2%.