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
Pierre, Fort Pierre Grocery Stores Being Sold
- 2.Your Money Matters
Some Online Shoppers Pay More Than Others
- 3.General, Retail & Restaurants
Big Pizza Business On Day Before Thanksgiving
Good Holiday Shopping Season Expected
Holiday Shopping Season Kicks Off With Bang
- 6.Shops, Shops
Shoppers Get Early Start on Small Business Saturday