The U.S. Bureau of Labor Statistics reported a steady labor market in May, with 139,000 jobs added and an unchanged unemployment rate of 4.2%. Despite these figures, both employees and employers displayed caution, with fewer new job postings and employees retaining their current positions. Ger Doyle from ManpowerGroup characterized this situation as a "temporary chill," suggesting that the market is not in crisis but rather waiting for clearer economic indicators. Job growth occurred mainly in healthcare, leisure, and social assistance sectors, while recent graduates faced higher unemployment rates.
"This is not a freeze, but a temporary chill," Doyle stated. "Employees are staying put, employers are holding steady, and everyone is waiting for clearer signals."
The number of new job postings was flat compared to the same time last year, "indicating a pause rather than a pullback," he explained.
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