(Bloomberg) — The U.S. labor market has tilted sharply toward job hunters as unfilled openings hit a record high in May, reinforcing signs of corporate optimism about the economy's prospects.
The number of vacancies rose to 5.36 million, the most since records began in 2000, from a revised 5.33 million in April, a report from the Labor Department showed Tuesday. For the second time ever, openings at companies exceeded hiring.
With job listings rising and dismissals waning, employers may have to offer higher wages to lure more skilled workers. The report, which includes some metrics tracked by Federal Reserve Chair Janet Yellen, augments her view that the employment outlook is improving though some weakness remains.
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