According to the results of the Department of Labor's Job Offers and Labor Turnover Survey (JOLTS), during the month of May job offers increased to 9,000, reaching 7,594 million, one of the highest levels in the last 12 months.

Although the figure exceeded the estimates of some economists, analysts consider that the data should be interpreted with caution, since, despite the fact that job vacancies are at their highest level, hiring continues to show signs of weakness at a lower rate.

However, given the strong economic uncertainty caused by the rise in energy prices due to the war in Iran, added to high tariffs and the integration of artificial intelligence into jobs, which has generated large waves of layoffs, especially in the technology sector, the labor market appears stable.

For Matthew Martin, senior US economist at Oxford Economics, "the labor market continues to show signs of stabilization. For Federal Reserve officials, this means that their attention will continue to be focused on the inflation control mandate and ensuring price stability," he highlighted.

According to the JOLTS report, during the month of May, 1.04 jobs were registered for each unemployed person, maintaining the job offer rate at 4.6%. The analysis highlights that the majority of vacancies correspond to companies with less than 300 employees; Last month, the commerce and hospitality sectors were the ones that added the most vacancies, with 71,000 and 95,000 jobs, respectively.

While, in sectors such as health, social assistance, finance and transportation, they decreased. Veronica Clark, an economist at Citigroup, commented on job openings that “we were surprised to see that the total hiring rate remained unchanged and that the private sector hiring rate decreased again in May, despite the higher employment growth recorded that month.”

For his part, Dana Peterson, chief economist at the Conference Board, believes that “consumers expect little change in the labor market in six months,” he said, and this is because consumer confidence increased slightly after the preliminary agreement between the United States and Iran.