The monthly jobs report reveals key indicators about the labor market and the overall state of the economy, but it doesn’t show the entire picture. WSJ explains how to read the report, what it shows and what it doesn’t. Photo illustration: Liz Ornitz U.S. job openings remained close to record levels in April, and workers continued to quit at an elevated rate, signs of an exceptionally tight labor market that has contributed to historically high inflation. The Labor Department on Wednesday said there were a seasonally adjusted 11.4 million job openings in April, a decrease from an upwardly revised record high of 11.9 million openings in the prior month. The number of times workers quit their jobs fell slightly to 4.4 million. Demand for workers has exceeded the number of unemployed people looking for work for the past year. During the same stretch, employers have added more than 400,000 […]