The number of available positions in the United States increased for the second month in a row, with an estimated 7.6 million job openings in May.
Job Market Trends
Economists had expected the number of job openings to drop nearly 10% in May, but the latest data from the Bureau of Labor Statistics showed a slight increase from 7.59 million in April.
Other measurements of the labor market, including job postings from Indeed and LinkUp, have shown a decline in job postings since early this year, likely due to the energy price shock from the Middle East conflict and increased uncertainty.
However, the latest report suggests that the US labor market is stabilizing and may be poised for expansion, despite businesses being cautious about hiring.
Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.
