The number of available positions in the United States increased for the second month in a row, with nearly 7.6 million job openings in May, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey.
Job Market Trends
Economists had expected the number of job openings to drop nearly 10% in May, but the report showed that the April boost might not have been a blip, providing further evidence that the US labor market is stabilizing and poised for expansion.
However, despite businesses’ increased appetite to expand their workforces, not all are pulling the trigger: The number of new hires dropped for the third month in a row, and the US job market remains entrenched in a low-hire, low-fire dynamic.
Original reporting: El Paso News (HLL/CB) — read the source article.
