Job vacancies in the US narrowed slightly in April, remaining at extremely high levels, suggesting that wages will continue to rise as companies try to attract workers, helping to keep inflationary pressures at bay.
In particular, job vacancies in the US fell by 455 thousand to 11.4 million in April, after a record 11.9 million last month, signaling a slight easing of pressure on the country’s labor market, which continues to from the most “tight” periods of the last decades.
It is noted that economists in a Reuters survey expected 11.4 million vacancies in April, as many as were announced.
At the same time, according to the US Department of Labor, the number of people who left their jobs in April rose to 4.4 million, about the same as in March.
The departures exceeded 4 million for the first time last summer, a trend typical of the pandemic era referred to as “the big resignation”.
Relevant labor market data are being closely monitored by Federal Reserve executives, who have adopted aggressive monetary policy in a bid to reduce inflation to the 2% target.
Fed Chairman Jerome Powell last month referred to the number of jobs as “extremely high”, adding that “there is a way through which we can have a mild demand in the job market and therefore reduce job vacancies without to increase unemployment “.
Source: Capital
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