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The number of job openings in the US reached a record high of 9.3 million in April. Meanwhile, the unemployment rate remained elevated at 5.8%, according to data from the US Bureau of Labor Statistics.

The disconnect between these two figures has been the source of debate for many economists and market watchers.

Now, Morgan Stanley is shedding some light on why the US economy might be seeing such a dynamic.

In a blog post this week, Lisa Shalett, Morgan Stanley’s chief investment officer (CIO) of wealth management, described three reasons behind current high levels of unemployment details ⇒

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