Job openings warn of higher inflation

Job openings came in at a seasonally-adjusted 11.27 million for February, compared to unemployment of 6.27 million. A shortfall of 5 million workers.

Job Openings & Unemployment


An excess of 5 million job openings, above the unemployment level, is expected to maintain upward pressure on wage rates as employers compete for scarce workers. Inflationary pressure is likely to continue.