【U.S. Job Openings Unexpectedly Increased in May, But Labor Market Shows Signs of Weakness】
On July 1, it was reported that U.S. job openings in May reached 7.769 million, far exceeding the 7.3 million expected by Reuters economists. The number of hires decreased by 112,000 to 5.503 million, while layoffs dropped by 188,000 to 1.601 million. The unexpected increase in job openings in May, coupled with the decline in hiring, further indicates that the labor market has entered a slowdown phase amid the uncertainty of import tariffs imposed by the Trump administration. The current 90-day suspension period for reciprocal tariffs is about to end. Economists point out that the policy direction after the expiration of the Trump administration's 90-day tariff suspension on July 9 is unclear, making it difficult for businesses to formulate long-term plans.