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US job openings rose to a near two-year high in May, significantly exceeding market expectations.
Mars Finance News, June 30 – Data released by the U.S. Bureau of Labor Statistics (BLS) shows that U.S. job openings (JOLTS) rose to approximately 7.6 million in May, up from 7.59 million in April, hitting a nearly two-year high, and were not affected by the uncertainty brought by the Iran war.
Previously, economists had generally expected job openings in May to fall by about 10% to around 6.98M, and believed that the significant increase in job openings in April might only be a short-term phenomenon.
Analysts believe that the latest data indicates that the U.S. labor market has not only not weakened significantly due to the Middle East situation and energy price fluctuations, but may instead be further stabilizing and resuming expansion. Previously, data from recruitment platforms such as Indeed and LinkUp showed that overall hiring demand has slowed down this year, but this official data presents a clear contrast with market expectations.