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- U.S. job openings fall marginally in June
U.S. job openings fall marginally in June
The Job
Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on
Tuesday showed a slight drop (-0.5 percent m-o-m) in the U.S. job openings in
June.
According to
the report, employers posted 7.348 million job openings in June, compared to
the May’s figure of 7.384 million (revised from 7.323 million in original
estimate) and economists’ expectations of 7.317 million. The job openings rate
was 4.6 percent in June, down from a revised 4.7 percent in the prior month. The
report showed that the number of job openings was little changed for total
private and for government. The job openings level rose in real estate and
rental and leasing (+38,000 jobs in June) as well as state and local government
education (+20,000).
Meanwhile, the
number of hires declined to 5.702 million in June from 5.760 in May. The hiring
rate was 3.8 percent, unchanged from May. The number of hires was little
changed for total private and for government. Hires rose in accommodation and food services (+76,000).
The separation
rate in June was at 5.481 million or 3.6 percent, compared to 5.557 million or
3.7 percent in May. Within separations, the quits rate was 2.3 percent (flat
m-o-m), and the layoffs rate was 1.1 percent (-0.1 pp m-o-m).
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