Job openings recede in May from April’s 18-month high
Job openings dropped in May from the previous month and layoffs edged up, fresh evidence that employers are reluctant to add workers. The Labor Department said Tuesday that job openings fell to 3.2 million in May from 3.3 million the previous month. April’s upwardly revised figure was the highest in 18 months.
The decline in job openings comes after a sharp rise the previous two months, driven by temporary government hiring for the 2010 census and more openings in the private sector. As a result, the number of available jobs has rebounded since the depths of the recession but remains well below pre-recession levels.