June 2022 Jobs Report:
A Look at May's Trends

Executive Summary

For the first time since April 2020, the potential number of workers per job opening grew in May to 1.38 — including part-time employees who want full-time work, those who left the labor force but want to work and unemployed individuals. As the Great Resignation holds strong, employers continue to struggle with hiring and retaining workers. Compared to previous month’s steady job growth, May showed signs of a potential lull. With a total of 390,000 jobs gained and 4.42 million quits (compared to 428,000 jobs gained and 4.53 million quits in April), this month’s numbers suggest job growth in the market may begin to decelerate.