“The report was another sign that the labor market is holding firm. So far there are no indications that job growth will flag this year, so consumer spending power will continue to increase and the expansion looks solid.”

Robert Frick, corporate economist with Navy Federal Credit Union, commented on the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report that showed job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April.