U.S. job openings decreased by 500,000 to 9.8 million in May, according to the Bureau of Labor Statistics. The most significant drops were in health care and social assistance, finance and insurance, and other services sectors. Hires and separations remained steady at 6.2 million and 5.9 million, respectively. However, within separations, voluntary quits increased, whereas layoffs and discharges saw a slight change. Q: How might the decrease in job openings and steadiness of hires and separations impact the overall labor market in the U.S.? Please share your thoughts with us on Inside.com. |