 The good news, the job market is still strong. There's a job for every unemployed American, but not as many jobs as there were in January of last year. Still, job openings rose slightly from April to May to just over 8 million. But layoffs have been rising a little. The number of Americans quitting their jobs is basically unchanged. And although there are 1.2 jobs for every unemployed American, that's down from a 2 to 1 ratio in January of 2023.