More job ads placed in May than April
U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring.
Job openings rose to a seasonally adjusted 3.6 million, the Labor Department said Tuesday. That’s up from 3.4 million in April. It’s also the second-highest level in nearly four years. A rise in openings could mean hiring will pick up in the coming months. The report “suggests business attitudes toward hiring are not in complete free-fall,” Michael Feroli, an economist at JPMorgan Chase, wrote in a note to clients.