The Bureau of Labor Statistics reported that U.S. job openings were unchanged at 7.6 million in May, exceeding the market consensus of 7.28 million. The steady figure underscores a resilient labor market, even as the Federal Reserve maintains its focus on taming persistent inflation amidst elevated energy costs and global geopolitical tensions.
Hires were also unchanged at 5.2 million, while total separations saw a minor shift to 5.1 million. Within the separations data, quits held steady at 3.1 million and layoffs remained at 1.7 million. Following the release, the U.S. Dollar remained firm as the data reinforced the narrative of economic resilience, while gold prices recovered slightly after hitting a fresh low earlier in the session.