📊 JOLTS May: US labor market continues to be unexpectedly strong


🔹 Just-released data shows the US job market still shows no signs of cooling as expected:
- Job openings May: 7.594K - exceeding forecast of 7.295,5K (+~299K)
- April revised: 7.618K -> 7.585K
🔹By sector:
- Professional/business services: 1.473K -> 1.485K (+12K)
- Wholesale trade: 178K -> 249K (+71K)
- Leisure & hospitality: 846K -> 941K (+95K)
- Financial activities: 405K -> 376K (-29K)
- Government: 793K -> 800K (+7K), but federal only: 97K -> 83K (-14K) - near 2026 low
🔹Most notable points:
- Job openings now are higher than the number of unemployed by 287K - the largest gap since 01/2025. The openings/unemployed ratio bounced back to 1.0x - also a peak since early 2025.
- Hires: 5.215K -> 5.170K
- Quits: staying around the low post-COVID range
-> Labor supply and demand are slightly reversing in favor of workers, contrary to the "cooling" trend that the market expected before the FOMC meeting. This data is likely to further reinforce the hawkish stance of the Fed under Warsh 👀
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned