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Job Openings Edge Down; Turnover Unchanged

A new report from the U.S. Bureau of Labor Statistics shows that job openings edged…

  • August 2, 2018

A new report from the U.S. Bureau of Labor Statistics shows that job openings edged down to 6.6 million on the last business day of May.

On the last business day of May, the job openings level edged down to 6.6 million from a revised April level of 6.8 million, a series high.

The job openings rate was 4.3 percent. The number of job openings decreased for total private (-228,000) and was little changed for government.

Job openings increased in federal government (+12,000) and mining and logging (+10,000) but decreased in information (-60,000) and arts, entertainment, and recreation (-27,000).

The number of job openings decreased in the Northeast.

Over the month, hires and separations were little changed at 5.8 million and 5.5 million, respectively.

Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.4 percent and 1.1 percent, respectively.

Given the strong June jobs report released last week, it’s clear that the slight down-tick in job openings in May still resulted in a brisk number of new hires the following month.

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