US job openings in May hit 7.8 million in a continuing display of labor market resilience
- U.S. job openings unexpectedly rose to 7.8 million in May, driven mainly by private sector demand according to the Labor Department.
- This increase followed a steady decline from a record 12.1 million openings in March 2022, as higher borrowing costs and economic uncertainty persisted.
- Job openings increased notably in the accommodation, food services, finance, and insurance sectors, while vacancies within the federal government declined sharply—dropping by about half compared to the previous year.
- The Labor Department reported a 374,000 rise in openings from April’s 7.4 million, despite economists expecting a decrease to 7.3 million jobs.
- This data suggests resilience in the American labor market, but the split between private growth and federal slowdown reflects structural shifts and ongoing economic uncertainty.
80 Articles
80 Articles
U.S. job openings rise, defy expectations
KEY TAKEAWAYS: U.S. job openings rose to 7.8 million in May Economists had expected a decline to 7.3 million Hiring slowed but layoffs and quits remained stable Labor market shows resilience despite economic uncertainty U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies…
U.S. job openings in May hit 7.8 million in continuing display of labor market resilience
U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy.
Coverage Details
Bias Distribution
- 70% of the sources are Center
To view factuality data please Upgrade to Premium