Job Openings Were Down In May But Worker Shortage Continues

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Employers may be pulling back on hiring in anticipation of a slowing economy, but the labor market remains tight. Job openings were 9.8 million at the end of May, 496,000 below their April level.

‌Why it matters:

  • Employers still face a serious worker shortage. There are 3.7 million more job openings than unemployed workers.

‌By the numbers:

  • ‌Openings increased in educational services (45,000), state and local government education (37,000), and federal government (24,000).
  • Openings decreased in health care and social assistance (285,000), finance and insurance (139,000), and other services (78,000).

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