Editor's PiCK
U.S. May Job Openings and Quits Reach 7,769,000, Surpassing Market Expectations
Son Min
Summary
- The number of U.S. job openings and quits in May exceeded both market expectations and the previous month’s figures.
- An increase in job openings and quits typically signals that the labor market is operating healthily.
- Bitcoin is being traded at $106,829 on Binance’s USDT market, down 0.65% compared to 24 hours earlier.
The number of job openings and quits (JOLTs) in the U.S. for May exceeded market expectations.
According to the May JOLTs data released by the U.S. Department of Labor on the 1st (local time), the number of quits in the U.S. market reached 7,769,000, surpassing both the expected figure (7,320,000) and the revised figure for the previous month (7,395,000).
The numbers of job openings and quits serve as indicators of labor market health; generally, increases in these figures are viewed as signs of a well-functioning labor market.
As of 11:02 p.m., Bitcoin is trading at $106,829 in Binance’s USDT market, down 0.65% compared to 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
