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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS job openings hit record high; small businesses upbeat
By Lucia Mutikani, Reuters
Posted at 06/10/2015 9:09 AM
WASHINGTON - U.S. job openings surged to a record high in April and small business confidence perked up in May, suggesting the economy was regaining speed after stumbling at the start of the year.
The economy's stronger tone was reinforced by other data on Tuesday showing a solid rise in wholesale inventories in April, in part as oil prices stabilized.
"This is more confirmation that the economy is indeed emerging from that soft patch in the first quarter and can still pick up even faster in the next few months," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
Job openings, a measure of labor demand, rose 5.2 percent to a seasonally adjusted 5.4 million in April, the highest level since the series began in December 2000, the Labor Department said in its monthly Job Openings and Labor Turnover Survey (JOLTS).
http://www.abs-cbnnews.com/business/06/10/15/us-job-openings-hit-record-high-small-businesses-upbeat
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