The Fed has raised its benchmark interest rate 10 times in the last 14 months, making it more expensive for businesses to borrow and invest
US job openings rose unexpectedly in April, illustrating the resilience of the American labour market even as the Federal Reserve attempts to cool the economy in its fight against inflation.
Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January.
Economists had expected vacancies to slip below 9.5 million.
Layoffs fell, but the number of people quitting their jobs a sign of confidence that they can find better pay or working conditions elsewhere slid last month.
