U.S. Jobs Fall to 10.698 Million in June, Lowest Since September – Bloomberg

U.S. job openings fell to a nine-month low in June, suggesting conditions in a tight labor market are easing somewhat.

Key Point
The number of job openings in June decreased by 605,000 from the previous month to 10,698,000. Biggest drop since April 2020 Economists surveyed by Bloomberg expected median 11 million The previous month was revised upward to 11,303,000 (preliminary figure of 11,254,000).

U.S. job openings (seasonally adjusted)

Source: Bureau of Labor Statistics

“The decline in job openings likely means that the floss of inflated job openings is being blown away by the economic slowdown, but demand for workers is growing,” said Robert Frick, corporate economist at the Federal Navy Credit Union. It is not weakened,” he said.

There were regarding 1.8 job openings for every unemployed person in June, down slightly from May. Job openings fell notably in retail and wholesale trade, as well as state and local education. The construction industry also declined.

The number of job leavers was regarding 4.2 million, almost the same level as the previous month. The turnover rate, which is the ratio of voluntary turnover among all employees, was 2.8%, the same as the previous month. The number of layoffs decreased slightly and the number of jobs also decreased slightly.

For more information on the U.S. Department of Labor Survey of Employment Trends (JOLTS), see Statistical Tables.

Original title:US Job Openings Fall to 10.7 Million, Lowest Since September(excerpt)

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