Economics
US Job Openings Dip Slightly to 11.3 Million, Remain Near Record
- Vacancies eased in May, though prior month was revised higher
- Layoffs, quits and hiring were little changed from April
An employee works inside the kitchen at a hotel in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
US job openings dipped slightly in May, though remained near a record, indicating resilient demand for labor even as optimism about the economy’s prospects grow more uncertain.
The number of available positions decreased to 11.3 million in the month from an upwardly revised 11.7 million in April, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The median forecast in a Bloomberg survey of economists called for 11 million openings.