United States job offers increase unexpectedly during the month of May
According to the BLS, approximately 7.77 million vacancies were registered at the end of May.
According to data published Tuesday by the Bureau of Labor Statistics, job openings in the United States increased during the month of May, amid fears of a reduction in hiring that would lead to a tighter labor market and a high unemployment rate.
According to official figures, approximately 7.77 million vacancies were registered at the end of May. vacancies, compared to 7.4 million in April, exceeding the expectations of even economists and analysts at FactSet who predicted a decrease in the number of available jobs due to the uncertainty of many companies about an economic contraction this year.
In this regard, Allison Shrivastava, economist at the Indeed Hiring Lab, noted that currently "business leaders are now in a position where they have to make short-term decisions," she said, while commenting that "in no way would I take this as a sign that the future will be promising," she said.
The Executive's recent decisions on immigration, federal spending, tariffs, markets, and the trade war with its main trading partners have caused a lot of uncertainty about the economic future, leading companies on a roller coaster, avoiding decisions that could affect them in the future.
Although the economy added, according to the BLS report, about 139,000 jobs in May, slightly more than analysts expected, there is still fear that the unemployment rate will rise this year above the 5%.
In this regard, Heather Long, chief economist at Navy Federal Credit Union, noted that “hiring has been stuck at unusually low levels for more than a year. But there is hope that the 'white-collar jobs recession' may finally end, as financial and insurance companies are posting more jobs,” she mentioned.
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