May Hiring Strongest Since 2004, JOLTS Report Shows
The number of job openings in the U.S. fell sharply in May as companies hired the most people since 2004.
Job openings fell by 301,000 in May to 5.66 million, according to the government’s job openings and labor turnover survey, known as the Jolts report. That’s just one month after reaching the second highest level ever, reports MarketWatch.
Among major industries, employers were looking to fill jobs in the health-care and education industry, reports The Wall Street Journal. Additionally, job openings in professional services were down somewhat from a year ago. Manufacturing job openings have been on the rise, but construction job openings have been dwindling, the Journal report said.
The latest Jolts report is yet another sign that the labor market is healthy heading past the second quarter of the year.
Frank Kalman is Talent Economy‘s managing editor. To comment, email email@example.com.