Reported 12 months ago
In May, job openings unexpectedly increased to 8.14 million, up from 7.92 million in April, according to the Bureau of Labor Statistics. Despite concerns about a cooling labor market, data showed a steady hiring rate at 3.6% and a quits rate at 2.2%. The ratio of job openings to unemployed workers remained at 1.2, indicating a normalization of the labor market. Economists are closely watching the upcoming nonfarm payroll report to gauge the labor market's trajectory.
Source: YAHOO