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U.S. job openings at record high; labor market tightening

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers.The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday also underscored labor market strength that will likely encourage the Federal Reserve to continue tightening monetary policy despite benign inflation and concerns about consumer spending."Companies are running out of workers to hire to do the job or even train to do the work, and this is a ticking ...

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First Published: Tue, August 08 2017. 22:47 IST
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