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Tags: job | openings | hiring | jolt

Job Openings, Hiring Fall in Sign of Slowing Labor

Job Openings, Hiring Fall in Sign of Slowing Labor
(Rawpixelimages/Dreamstime)

Tuesday, 06 August 2019 12:22 PM EDT

U.S. job openings and hiring fell in June, supporting the view that employment growth was slowing down after robust gains last year.

Job openings, a measure of labor demand, slipped by 36,000 to a seasonally adjusted 7.3 million in June, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday. Since hitting an all-time high of 7.6 million in late 2018, job openings have been flat this year, suggesting some cooling in the labor market.

The job openings rate dipped to 4.6% from 4.7% in May. Hiring decreased by 58,000 jobs to 5.7 million in June. The hiring rate was unchanged at 3.8%.

Nonfarm payrolls increased by 164,000 jobs in July, down from 193,000 in June, the government reported last Friday. The unemployment rate was unchanged at 3.7%.

© 2023 Thomson/Reuters. All rights reserved.


Economy
U.S. job openings and hiring fell in June, supporting the view that employment growth was slowing down after robust gains last year.
job, openings, hiring, jolt
135
2019-22-06
Tuesday, 06 August 2019 12:22 PM
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