US job openings climbed to their highest level in two years during May, surpassing analyst expectations. The latest figures from the Job Openings and Labor Turnover Survey showed 7.594 million vacancies.
The reading exceeded forecasts of 7.280 million openings. Unemployed workers numbered 7.307 million, creating a ratio of 1.04 jobs available for each person out of work.
Job openings stood at 4.8 percent of nonfarm employment, unchanged from April. The hires rate held steady at 3.3 percent.
The data reflect a labor market that remains resilient despite earlier signs of cooling in other indicators.
