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2w ago

U.S. Job Openings Drop Further in June as Hiring Slows

Employer caution over high borrowing costs with trade policy uncertainty is pushing vacancies lower, cooling hiring

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
People line up outside a temporary unemployment office established by the Kentucky Labor Cabinet at the State Capitol Annex in Frankfort, Kentucky, U.S. June 17, 2020. REUTERS/Bryan Woolston/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

Overview

  • Job openings fell by 275,000 to 7.437 million in June, marking the lowest level since early 2023, the Bureau of Labor Statistics reported
  • Hiring declined by 261,000 to 5.204 million as firms delay new recruitment amid economic uncertainty
  • Layoffs held near 1.604 million and quits decreased, reflecting subdued turnover and waning worker confidence
  • Accommodation and food services posted the steepest declines with 308,000 fewer vacancies and 106,000 fewer hires
  • ADP data showed private payrolls rose by 104,000 in July, yet economists expect Friday’s jobs report to confirm continued labor-market moderation