U.S. Job Openings Unexpectedly Surge in May…As Federal Government Hiring Sinks

U.S. job openings rose more than expected in May, led by strong demand in the private sector, even as federal job postings and hires fell sharply—suggesting a labor market rebalancing in line with the Trump administration’s push to shrink the government’s economic footprint.

The number of job openings climbed to 7.77 million, up 374,000 from April, according to Tuesday’s Job Openings and Labor Turnover Survey (JOLTS). Economists had expected a more modest figure of 7.3 million. The rise was driven almost entirely by the private sector, particularly accommodation and food services (+314,000) and finance and insurance (+91,000).

But the federal…

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