U.S. job openings decline from record while remaining elevated
. Policy makers are aiming to reduce demand for labor, in turn cooling wage growth and helping lower inflation, without tipping the economy into recession.
. However, there are signs such gains may be peaking, a heartening development for the Fed if not for American workers.Some 4.4 million Americans quit their jobs in April, little changed from the prior month. The quits rate, a measure of voluntary job leavers as a share of total employment, was unchanged at 2.9%.
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