Employers Post Most Job Openings Since 2000
US employers posted about 5.4M job openings in May, according to a new Labor Department survey released today. That was the largest number since labor started tracking job opening data in 2000. The result bested April's figure by 20K jobs and continued a stream of good news about the labor market following a mediocre winter. In other encouraging news, 2.7M workers quit jobs in May. That was down slightly from April but still hovered around 2007 levels in a sign that employees are confident enough about the labor market to leave one job for another.
Last week, the labor department announced that the economy added 223K jobs in June, sending the unemployment rate down to a seven-year low of 5.3%.