The number of job openings, as measured by the BLS’s Job Openings & Labor Turnover Survey (JOLTS), fell by 500,000 in May to 9.82 million. You can see in the chart below that job openings are still well above the number of unemployed Americans, which was 6.09 million in May. The net 3.73 million additional openings compared to unemployed workers signals a continued tight labor market.
