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- US job openings in May hit 7.8 million in a continuing display of labor market resilience</p>
<p>PAUL WISEMAN July 1, 2025 at 10:12 PM</p>
<p>FILE - A help wanted sign is posted in Lansdale, Pa., Friday, April 28, 2023. (AP Photo/Matt Rourke, File)</p>
<p>WASHINGTON (AP) — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy.</p>
<p>U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million.</p>
<p>The number of Americans quitting their job — a sign of confidence in their prospects — rose modestly, and layoffs fell.</p>
<p>Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022.</p>
<p>The U.S. job market has steadily decelerated from hiring boom of 2021-2023 when the economy bounced back from COVID-19 lockdowns. The unexpectedly strong post-pandemic recovery ignited inflation, prompting the Federal Reserve to raise its benchmark interest rate 11 times in 2022 and 2023.</p>
<p>The higher borrowing costs have gradually cooled the labor market, and President Donald Trump's policy of taxing imports at high rates has added uncertainty to the hiring outlook.</p>
<p>The Labor Department is expected to report Thursday that the U.S. economy generated 117,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be down from 139,000 in May, from an average 168,000 a month in 2024 and a from a monthly average of 400,000 from 2021 through 2023. The unemployment rate is forecast to tick up to a still-low 4.3% from 4.2% in May.</p>
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