Job openings unexpectedly rose to their highest level in two years in May, beating estimates and suggesting that high gas prices and uncertainty around the Iran war did not weigh on rising employer demand for workers.
Vacant positions ticked up to 7.6 million in May. Before rounding, this was an increase to 7,594 million from the downwardly revised estimate of 7,585 million in April. Economists had forecast openings would decline to around 7.3 million.
This was the second month of rising openings and the highest level of openings since May of 2024.
There were strong gains in blue-collar openings. Manufacturing openings increased by 33,000 to…
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