The number of job openings in the US unexpectedly surged in April, supporting the claim that the employment market conditions are good according to The Federal Reserve (FED).

On June 3, the U.S. unexpectedly increased job openings in April, with a sizable increase and an increase in hiring, suggesting that demand for workers remains healthy despite heightened economic uncertainty. Data released Tuesday by the Bureau of Labor Statistics showed that job openings increased to 7.39 million from a revised 7.2 million in March, above expectations of 7.1 million. The increase in job openings, coupled with steady hiring and a low unemployment rate, supports the Fed’s claims that the job market is in good shape. However, the unemployed are expected to take longer to find work, and economists expect the labor market to weaken more visibly in the coming months under the weight of the tariffs imposed by President Trump. ( gold ten )