U.S. job openings rose slightly to 8.1 million in May, according to the Associated Press, despite the impact of higher interest rates intended to cool the labor market.
Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday. April openings were marked down from an originally reported 8.1 million.
Layoffs rose to 1.65 million in May from 1.54 million in April. The number of Americans quitting their jobs — a sign of confidence in their prospects — was basically unchanged.
