Published • loading... • Updated
Job Openings Stayed at a Surprisingly Strong 7.6 Million in May
Forecasters had expected 7 million openings, but layoffs rose and quits increased only slightly, according to Bureau of Labor Statistics data.
- On Tuesday, the Bureau of Labor Statistics released data from the Job Openings and Labor Turnover Survey showing U.S. job openings held at 7.6 million in May, defying economist expectations of around 6.975 million.
- President Donald Trump's tax cuts and the United States' status as an energy producer limited economic damage this year, helping the American job market stay sturdy despite high interest rates and unpredictable policies that discouraged hiring in 2025.
- Available positions increased for the second month, though layoffs rose and new hires dropped for the third consecutive month. Hiring averages nearly 114,000 net jobs monthly, up from just 9,700 in 2025.
- The Labor Department will release its June jobs report on Thursday, with economists projecting the addition of 100,000 jobs and unemployment remaining at 4.3% as fewer people compete for work.
- Energy prices continue to soar after Iran closed the Strait of Hormuz, squeezing Americans already frustrated by high living costs. Economists suggest the 'break-even' rate of hiring could be as low as zero jobs a month.
Insights by Ground AI
46 Articles
46 Articles
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
U.S. Job Openings Rise Slightly in May as Hiring Stays Soft, Signaling Stable but Cautious Labor Market
The U.S. labor market remained relatively stable in May as job openings increased slightly, while hiring activity continued at a modest pace, reflecting an employment ... The post U.S. Job Openings Rise Slightly in May as Hiring Stays Soft, Signaling Stable but Cautious Labor Market first appeared on [your]NEWS.
Job Openings Rise To 2 Year High, Much Better Than Expected
The U.S. had 7.6 million open positions last month, easily beating economist expectations of around 7.3 million. The post Job Openings Rise To 2 Year High, Much Better Than Expected appeared first on Breitbart.
·United States
Read Full Article
4th of July SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources46
Leaning Left5Leaning Right9Center22Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
14%
C 61%
R 25%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
