Job openings rise to a record high

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Midday Report: Job Openings Rise to Record Highs; Stocks Climb


There were a record 5.788 million job openings in the US in April, according to the latest Job Openings and Labor Turnover Survey (JOLTS).

Economists had forecast that there were 5.675 million job openings during that month, according to Bloomberg. The number of openings in March was revised down to 5.670 million from 5.757 million.

Hiring slowed, as the total number of hires fell slightly to 5.1 million and the rate edged down to 3.5% from 3.7%.

Importantly, the JOLTS report included the quits rate — the share of employees voluntarily resigning — which fell to 2% from 2.1%.

This is one of Federal Reserve chair Janet Yellen's top indicators of the labor market because it shows how confident workers are in the jobs market.

In a speech on Monday, Yellen referenced the old record number of job openings and the recent increase in the quits rate as signs that the labor-market has been positive overall, even after new job additions fell to a six-year low last month.

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Job openings rise to a record high

Horseback Rider 
Average Annual Salary:
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Childbirth Educator 
Average Annual Salary: $61,746

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Elevator Inspector
Average Annual Salary: $62,810

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Bingo Manager
Average Annual Salary: $59,791

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Soil Conservationist 
Average Annual Salary: $65,036

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Ice Cream Taster (Food Scientist)
Average Annual Salary: $67,041

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Train Conductor
Average Annual Salary: $66,492

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Golf Ball Diver
Average Annual Salary: $50,000

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Sommelier
Average Annual Salary: $53,228

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Exploration Manger (Oil Diver) 
Average Annual Salary: $259,601 

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