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Job Openings Rise to 7.8 Million in May, With Surge in Accommodation and Food Services

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Job openings totaled 7.8 million in May, up from 7.4 million in April, according to the latest report from the Bureau of Labor Statistics.

Accommodation and food services (+314,000) and finance and insurance (+91,000) posted increases in job openings over the month, while there was a decrease in federal government (-39,000).

Other updates on labor turnover included:

The number of hires remained relatively stable at 5.5 million in May, with the hiring rate at 3.4%. Federal government had the largest decline in hires over the month (-11,000). Quits increased slightly to 3.3 million in May, with the quits rate

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