Overview
- Employers posted 7.437 million job vacancies in June, a decrease of 275,000 from May, marking ongoing cooling in labor demand.
- Hiring fell by 261,000 to 5.204 million positions filled in June, reflecting slower recruitment.
- The number of workers quitting their jobs dipped to its lowest level since December, indicating reduced confidence in finding new opportunities.
- Layoffs remained at subdued levels, slipping slightly to 1.604 million separations in June.
- Accommodation and food services led the sectoral downturn with job openings down by 308,000 and hiring in the sector falling by 106,000.