Job Report Records

Record job opens, record number of quits, and big wage growth. Good news for workers, bad news for inflation worriers.

WASHINGTON (Reuters) - U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high.

The Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday also showed a record 4.5 million people voluntarily quit their jobs, underscoring the growing wage pressures. The government reported last week that compensation for American workers notched its largest increase in more than three decades in the first quarter.