US job openings unexpectedly increase from a three-year low

By Jarrell Dillard
Published 3 Min Read

A man holding a piece of paper that says "Now Hiring."
Bloomberg

U.S. 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, which was the lowest in three years, according to 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.

Jarrell Dillard

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