Job Openings mark a record-high of 11.5 million in March

job opening

Employment openings surpassed the available workers by 5.6 million in March and people in record number quit their jobs, according to the report by Labor Department.

The level of job postings marks 11.55 million in March, which was up 205,000 from February.

At the same time, 4.54 million quit their job with an increase of 152,000 from February.

An inflationary picture that is anticipated to push the central bank into a series of rapid rate hikes.

Job openings in the leisure and hospitality industry decreased by 45,000 while recruitment increased by 40,000.

Economists surveyed by Dow Jones anticipate a gain of 400,000 jobs and a decrease in the unemployment rate to 3.5%, the lowest since December 1969.