Reported about 8 hours ago
Job openings unexpectedly soared to 7.76 million in May, the highest since November 2024, as reported by the Bureau of Labor Statistics. Despite this increase, hiring rates dipped slightly to 5.5 million, and the quits rate, which indicates worker confidence, rose to 2.1%. The labor market is currently described as stagnant, with low layoffs but cautious hiring, as economists and investors await further economic indicators, including an upcoming jobs report.
Source: YAHOO