The U.S. labor market sent mixed signals in May, with job openings climbing to their highest level in two years even as hiring slowed, and more Americans reported that finding work has become increasingly difficult.
Data released by the U.S. Bureau of Labor Statistics showed employers posted 7.594 million job openings at the end of May, up slightly from April and well above economists' expectations of 7.3 million. The increase suggests businesses continue to seek workers despite concerns over inflation, high interest rates and global geopolitical tensions.
