US job openings slipped in May, but hiring increased

WASHINGTON — U.S. employers posted fewer job openings in May. But hiring picked up and more people are quitting their jobs — both positive signs for the economy.Job openings fell 5 percent in May to 5.7 million, the Labor Department said Tuesday. The setback occurred after advertised job postings nearly reached 6 million in April, a figure that has been revised downward from the initial report. Meanwhile, hiring climbed 8.5 per cent to just under 5.5 million.The data is a sign the ec