Increase in US job openings in May
The number of job vacancies in the United States increased by 9,000 to reach 7.594 million in May, despite a decline of 45,000 in hires to 5.170 million. The job vacancy rate remained steady at 4.6%, while the U.S. economy experienced three consecutive months of strong employment growth. It is expected that the Federal Reserve will continue to raise interest rates to combat inflation, with the June jobs report anticipated to be released soon.
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