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yesterday

U.S. Job Openings and Hiring Cool Further in June as July Private Payrolls Rebound

Elevated interest rates have slowed hiring across core sectors.

With hiring stalled out and labor turnover grinding to a halt, more people are staying unemployed for longer.
People speak with job placement and professional development representatives during a job fair for federal workers, organized by the National Treasury Employees Union (NTEU) in Kansas City, Missouri, U.S. March 15, 2025. REUTERS/Chase Castor/File photo
Protesters attend a pro-immigration rally as the Los Angeles City Council meets to consider adopting a "Sanctuary City'' ordinance at City Hall in Los Angeles, California, U.S. REUTERS/Daniel Cole
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Overview

  • U.S. employers posted 7.437 million job openings in June, down 275,000 from May, according to the Labor Department’s JOLTS report.
  • Total hiring decreased by 261,000 to 5.204 million in June, signaling reduced labor demand.
  • Layoffs held near recent lows, edging down by 7,000 to 1.604 million.
  • Accommodation and food services faced the steepest declines, posting 308,000 fewer openings as hiring fell by 106,000.
  • The ADP National Employment Report showed private payrolls rose by 104,000 in July, marking a modest rebound in hiring.