US job openings dip to 9.8M but still high

By Associated Press

Jul 08, 2023 12:20 am

WASHINGTON, D.C.: US job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates.

Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. But layoffs fell slightly, and more Americans quit their jobs — a sign they were confident they could find better pay or working conditions elsewhere.

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