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Job Openings Trounce Expectations

Rob WileJun 10, 2014, 19:35 IST

Getty Images/Andrew Burton

Job openings trounced expectations, coming in at 4,455,000 for April. Consensus was for 4,050,000.

Prior was revised upward to 4,166,000.

The hiring rate was unchanged at 3.4%, as was the separations rate at 3.3%. This is one of Janet Yellen's favorite indicators, and should serve as more evidence that the labor market is improving. More to come...