U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring.
The Labor Department says job openings rose to a seasonally adjusted 3.6 million, up from 3.4 million in April. May's total is the second highest for the year. Still, layoffs also increased, an indication that the job market is still struggling.
A rise in openings could mean hiring will pick up in the coming months. It typically takes one to three months to fill a job.
Even with the increase, the competition for jobs remains fierce. There were 12.7 million unemployed people in May, or an average of 3.5 unemployed people for each open job. In a healthy job market, the ratio is usually around 2 to 1.
Most Popular Today
- 1.Retail & Restaurants
SF Store Pays Fee But Says It's Not Downtown - 2.Development
Sioux Falls Cupcake Shop Plans To Move Across Town - 3.General
Phishing Scam Targeting Walmart Shoppers - 4.Gas & Energy
Gas Prices Jump - 5.General, Retail & Restaurants
Rising Sales At SF Store For Record Powerball Drawing - 6.Your Money Matters
Fraud Alert: Medical Alarm Scam - 7.Housing
Final Weekend For Spring Parade Of Homes - 8.Development
Golf Course Construction At Grand Falls - 9.Development, General
On KELO's 60th Anniversary, We Remember The Empire Mall Opening - 10.Economy/Stocks
Friday Morning Business Brief






