U.S. job openings unexpectedly rose in May, showing resilience in the labor market despite high borrowing costs and rising economic uncertainty.

U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into lower gear amid uncertainty over the Trump administration's tariffs on imports,

Job openings, which serve as a closely watched measure of labor market demand, totaled an estimated 7.77 million at the end of May, rising from 7.4 million in April, according to the BLS’ latest Job Openings and Labor Turnover Survey.