US job openings trailed behind estimates for the month of March, the US Bureau of Labor Statistics reported 8.5 million job openings against expectations of 8.7 million. Additionally, the ISM Manufacturing PMI (Purchasing Managers' Index) fell to 49.2 in April; ISM's prices paid index jumped to 60.9.

Yahoo Finance Senior Reporter Josh Schafer joins Catalysts to break down the Job Openings and Labor Turnover Survey (JOLTS) results ahead of the Federal Reserve's monetary policy decision, commenting on whether the Fed is taking into account wage growth or not.

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This post was written by Luke Carberry Mogan.