Economy

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

Job vacancies in the federal government declined by 39,000 in May
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
Andrew Moran
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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.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."