In a report released today by the US Bureau of Labor Statistics (BLS), job openings in the United States surged to 8.14 million in May, surpassing expectations of 7.9 million. This figure marks an increase from the revised April number of 7.9 million openings.
According to the US JOLTS Job Openings and Labor Turnover Survey (JOLTS), both hires and separations remained relatively stable over the month, with hires at 5.8 million and separations at 5.4 million. Of the separations, quits totaled 3.5 million, while layoffs and discharges amounted to 1.7 million.
Following the release of the data, the US Dollar Index showed minimal movement, hovering near 105.80, as investors assessed the implications of the robust job openings on future Federal Reserve policy decisions.
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