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The number of job openings eased below 7.4 million for the first time since March as demand for labor cooled heading into the summer, new government data show.
June’s job vacancies declined by 178,000 to 7.36 million, from a downwardly revised 7.54 million in May, according to the Bureau of Labor Statistics report released on Aug. 4.
Economists had projected a reading of 7.4 million.
Heading into this week’s nonfarm payrolls report for July, various indicators suggest employment conditions remain stable, from hiring to layoffs.
New job openings were largely concentrated in two sectors: transportation, warehousing, and utilities (97,000) and the federal government (39,000).
Vacancies declined in wholesale trade (negative 74,000), nondurable goods manufacturing (negative 55,000), and mining and logging (negative 9,000)….
June’s job vacancies declined by 178,000 to 7.36 million, from a downwardly revised 7.54 million in May, according to the Bureau of Labor Statistics report released on Aug. 4.
Economists had projected a reading of 7.4 million.
Heading into this week’s nonfarm payrolls report for July, various indicators suggest employment conditions remain stable, from hiring to layoffs.
New job openings were largely concentrated in two sectors: transportation, warehousing, and utilities (97,000) and the federal government (39,000).
Vacancies declined in wholesale trade (negative 74,000), nondurable goods manufacturing (negative 55,000), and mining and logging (negative 9,000)….
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