US March JOLTS job openings 6550K vs 6100K expected

Highlights of the March JOLTS report

• Prior was 6052K (revised to 6078K)
• Hires 5425K vs 5511K prior
• Separations 5291K vs 5173K
• Quits 3344K vs 3208K prior
• Layoffs and discharges 1564K 1620K

That's a big number. This isn't often a market mover but it's something the Fed loves to look at to confirm the strength of employment.

A good sign of brewing wage inflation is the quits rate in the JOLTS report, which matched the record hit in December.