It follows a stronger-than-expected jobs report on Friday.
at the end of May compared to the record-setting 9.3 million at the end of April, according to the Job Openings and Labor Turnover report.2.5% of workers quit their jobs in May, a slight decrease from the 3.9 million who did in April and a sign of slightly less confidence in the ability to get a new job.The job openings data come on the heels of Friday’s hotter-than-expected jobs report, which showed that the U.S.
in June, mostly in industries that were hurt the worst by the pandemic—making it a sign that vaccinations and other pandemic-ending policies were having a positive effect. The unemployment rate, however, slightly increased in June to 5.9%. But that number reflects a strong economy, said Ellen Zentner, Morgan Stanley’s chief economist, in a note after Friday’s jobs report.