US May job openings dip but hiring near 2-yr high

WASHINGTON, July 13 (BestGrowthStock) – U.S. job openings slipped
in May, but the hiring rate climbed to its highest level in
nearly two years, government data showed on Tuesday.

Job openings, a measure of labor demand, dipped to 3.21
million from 3.30 million in April, the Labor Department said
in its monthly Job Openings and Labor Turnover Survey.

The job openings rate, a gauge of how many jobs were still
open at the end of the month, eased to 2.4 percent from 2.5
percent in April.

But hirings rose to 4.50 million from 4.29 million, lifting
the rate of hiring to 3.4 percent — the highest since August
2008 — from 3.3 percent in April.
(Reporting by Lucia Mutikani, Editing by Chizu Nomiyama)

US May job openings dip but hiring near 2-yr high