US job openings rise slightly in May

(Sharecast News) - Job openings in the US rose modestly last month and more Americans felt secure enough to hazard leaving their job voluntarily and find new employment. According to the US Department of Labor, in May the number of job postings increased by 2.8% month-on-month to reach 8.14m.

Economists had forecast a decline from April's previous estimate of 8.059m to 7.91m.

Data for April however had been revised down to 7.919m.

Hiring meanwhile was up by 2.5% to 5.77m and separations

Separations or 'quits', which denote confidence in prospects for the jobs markets, rose by 1.6% to 5.422m.

The latter meant that the so-called 'quits rate' was unchanged from April at 2.2%.

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