Market Updates
June Job Openings Held Steady, Hires and Total Separations Change Little
Brian Turner
30 Jul, 2024
Washington, D.C.
Job openings in June edged slightly lower to 8.18 million from 8.23 million in May, according to the Job Opening and Labor Turnover Survey by the U.S. Bureau of Labor Statistics.
The hiring levels declined by 554,000 over the year to 5.3 million, and the hire rate as a share of the workforce eased to 3.4%, the lowest since October 2013, excluding pandemic-era layoffs in April 2020.
The number of people quitting their jobs eased to 3.3 million, the lowest since November 2020.
Job openings increased in accommodation and food services by 120,000 and in state and local government, excluding education rose 94,000.
The number of job openings decreased in durable goods manufacturing by 88,000 and in federal government by 62,000.
May employment data were also revised sharply after the statistical agency reviewed additional reports from businesses and government.
The number of job openings for May was revised up by 90,000 to 8.2 million, the number of hires was revised down by 101,000 to 5.7 million, and the number of total separations was revised down by 25,000 to 5.4 million.
Within separations, the number of quits was revised down by 56,000 to 3.4 million, and the number of layoffs and discharges was revised up by 24,000 to 1.7 million.
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