US job vacancies in May are expected to decline.

Golden Data News on June 29th, institutions are expected the job vacancies in the United States to decrease to 7.95 million in May, which will bring the ratio of job vacancies to unemployed workers to 1.19, slightly lower than the pre-epidemic ratio. The decrease in job vacancies in May should further cool the labor market. With the rise in the unemployment rate in May and the decreased confidence of workers in finding high-paying new jobs, the resignation rate is facing downward pressure. There is still demand for labor, and skills mismatch is a problem, but the overall reduced demand for workers and decreased liquidity in the labor market should help alleviate wage pressure.

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