US Job Openings Unexpectedly Soar to 7.7 Million as Labor Demand Remains Solid

1 Min Read
US Job Openings Unexpectedly Soar to 7.7 Million as Labor Demand Remains Solid

A hiring sign at the Fashion Centre at Pentagon City shopping mall in Arlington, Va., on Jan 3, 2024. Madalina Vasiliu/The Epoch Times

Job openings soared to a higher-than-expected level in May, signaling the U.S. labor market’s persistent resilience amid economic uncertainty.

Job Openings and Labor Turnover Summary (JOLTS) data show that the number of job vacancies climbed by 374,000 to 7.769 million in May, from an upwardly revised 7.395 million in April.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *