Job openings near record highs despite Fed rate hikes

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The labor market showed resiliency in April despite the Federal Reserve driving up interest rates in an attempt to stave off inflation.

The number of job openings in April was at 11.4 million, near record levels, according to a report released on Wednesday by the Bureau of Labor Statistics. The previous record number of job openings was notched in March, which was upwardly revised this week to 11.9 million.

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