US job openings come in higher than expected in May

Job openings rose to 8.14 million in the month of May, according to the latest JOLTS data (Job Openings and Labor Turnover Survey) from the US Bureau of Labor Statistics, outpacing economist expectations of nearly 7.95 million.
Catalysts Hosts Madison Mills and Brad Smith crunch the number on the fresh labor data, looking to lay off rates and the revision to April's JOLTS print.
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