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US job openings hit record high even with low hiring, skill mismatch

The monthly increase was largest in just over a year and pushed jobs openings rate to 4.0 percent

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Reuters
US job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month.

The Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS, published on Tuesday also suggests that a recent moderation in job growth could be the result of a skills mismatch rather than easing demand for labor.

"These data underscore the difficulty in hiring new workers, which we think is increasingly likely to be a factor restraining payroll growth going forward," said John Ryding,