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Wednesday, February 8, 2023

Hiring Demand Remained Strong in May

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The U.S. labor market cooled but remained robust in the late spring as job openings fell, fewer people quit and layoffs rose, Labor Department figures on May hiring demand and worker turnover showed.

The Labor Department on Wednesday said there were a seasonally adjusted 11.3 million job openings in May, a decline from an upwardly revised 11.7 million the prior month. That marked the second straight month of a decrease from a record high number of openings reached in March.

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