There were 5.541 million job openings in January, according to the latest Job Openings and Labor Turnover Survey (JOLTS).

Economists had forecast that there were 5.5 million openings down from 5.6 million in the prior period. 

This report also includes the quits rate, which surged in December to 2.1% with a total of 3.1 million quits — the highest in a decade. 

The JOLTS report is one of Federal Reserve chair Janet Yellen’s favorite labor-market gauges. In the Fed’s latest decision Wednesday, when it kept its benchmark rate unchanged, Yellen noted that a range of economic indicators showed that the labor market continued to strengthen. 

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