Job openings, layoffs on the rise

Job openings, layoffs on the rise

U.S. job openings rose to 3.6 million in May, but layoffs also increased.

That's up from 3.4 million in April. It's also the second-highest level in nearly four years, just behind March's 3.7 million.

Even with the increase, the competition for jobs remains fierce. There were 12.7 million unemployed people in May, or an average of 3.5 unemployed people for each open job. In a healthy job market, the ratio is usually around 2 to 1.


{biztweet}job opening{/biztweet}