US Job Openings Unexpectedly Increase From a Three-Year Low
- May vacancies rose to 8.14 million; estimate was 7.95 million
- Number of openings per unemployed worker unchanged at 1.2
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US job openings unexpectedly rose in May, interrupting a months-long downtrend that underscored a gradual slowdown in labor demand.
Available positions increased to 8.14 million from a downwardly revised 7.92 million reading in the prior month that was the lowest in three years, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.95 million openings.