Yesterday the Bureau of Labour Statistics released the Job Openings and Labor Turnover Survey (JOLTS) for May and the news shouldn’t come as a surprise: job openings declined sharply to 5.5 million in May.
The initial BLS Jobs Report for May, released in June, reported that the American economy gained only 38,000 new jobs in May. Last week, along with releasing much a stronger June Jobs Report, the BLS also downgraded the May report. While the so far unadjusted numbers for June include 287,000 jobs added to the economy. the May numbers sunk down to 11,000.
