US job openings fall in April, but still high

US job openings fell in April, but still remained at considerably high levels, suggesting that wages would continue to rise as companies try to attract workers, and contribute to inflation staying uncomfortably high for a while.

Job openings, a measure of labour demand, declined by 455,000 to 11.4 million on the last day of April, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday. The decrease pulled job openings down from a record high of 11.855 million in March.