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📊 US Job Openings Soar to Record High — 731,000 New Jobs in April
JOLTs data just released is shocking: the number of job openings in the US surged by 731,000 in April, far exceeding market expectations (forecasts remained unchanged). This is the biggest beat ever.
This number raises the question: Is AI — often touted as a 'job destroyer' — actually creating more opportunities? Or is this just a temporary effect of the post-pandemic economy?
The surging labor data also means the Fed has more reason to keep interest rates high longer — can the stock market handle it?

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