A look at some of the key business events and economic indicators upcoming this week:

Still hiring?

The U.S. government will release a closely watched report on job openings Tuesday.

Economists expect the Labor Department to report that job openings continued falling in March. The data is being watched by investors and the Federal Reserve as a gauge of the broader employment market’s health as interest rate hikes and inflation weigh on the economy. The labor market has remained relatively resilient while other parts of the economy have weakened.

Job Openings by month (millions)

October 10.47

November 10.75

December 11.23

January 10.56

February 9.93

March 9.60 (est.)

Source: FactSet.

Interest rate watch

The Federal Reserve wraps up its two-day meeting on Wednesday with its latest decision on whether to keep raising interest rates in an effort to tame inflation. Inflation has cooled, but so has broader economic growth and that has raised worries that a recession may be on the horizon. Wall Street expects the central bank to raise its benchmark interest rate by another quarter-percentage point before possibly pausing its rate hikes.

Employment status

The government releases its monthly employment report for April on Friday.

The report is being closely monitored by Wall Street and the Federal Reserve to see how the employment market is reacting to inflation and interest rate hikes. The job market has been cooling so far in 2023 after remaining a strong area in an overall weakening economy for much of 2022. The Fed has been hoping for a softening employment market as a signal that inflation is easing.

Nonfarm payrolls (seasonally adjusted)

November: 290,000

December: 239,000

January: 472,000

February: 326,000

March: 236,000

April (est.): 185,000

Source: FactSet