Economic Report: Job openings hit record high at start of 2018

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Seems like every company is hiring these days. In February, the U.S. unemployment rate fell to a 17-year low of 4%.

The numbers: The number of job openings in the U.S. surged to a record 6.3 million in January, showing that businesses are still eager to hire nearly nine years into an economic expansion that still appears to have plenty of momentum.

About 5.6 million people were hired and 5.4 million lost their jobs in January, the Labor Department reported Friday.

The share of people who left jobs on their own, known as the quits rate, was unchanged at 2.5% among private-sector employees.

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