The March figure was 8.5 percent. The May CPI was the largest 12-month increase since the period ending December 1981....
Some economists took this as a sign that the labor market is starting to cool. The number of job openings decreased by 455, 000 to 11.4 million by the end of April, still historically high....
The number of unemployed persons was 6.0 million in May, meaning that there were 1.9 job positions for every unemployed and companies were still struggling to hire....
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2022-06-11 00:00:00.0