There were roughly 3.9 million job openings on the last business day in June, virtually unchanged from May’s print of 3.8 million, the Labor Department announced Tuesday.
However, there were roughly 4.2 million hires in June, a slight decrease from May's 4.4 million.
“The number of job openings in June was 3.9 million, little changed from May,” the report reads. “The number of job openings was little changed over the month in all industries and regions.”
The hires (3.1 percent) and separations (3.0 percent) rates held steady.
“Over the 12 months ending in June, the number of hires (not seasonally adjusted) was little changed for total nonfarm, total private, and government,” the report notes. “The number of hires increased in information over the year but fell in durable goods manufacturing and in educational services. The hires level declined over the year in the Midwest.”
Meanwhile, the total number of people voluntarily leaving their jobs (i.e. the “quits” rate) held steady at 1.6 percent for total nonfarm, 1.8 percent for total private, and 0.6 for government.
“The number of quits (not seasonally adjusted) was little changed over the 12 months ending in June for total nonfarm, total private, government, all industries, and all four regions,” the Labor Department reports.
The layoffs and discharges rate in June fell to 1.1 percent, down from May’s rate of 1.3 percent. The rate was virtually unchanged for both the private (1.3 percent) and public (0.4) sectors.
“Over the year, the number of layoffs and discharges fell in professional and business services, educational services, and state and local government,” the report notes.
“In June, there were 384,000 other separations for total nonfarm, essentially unchanged from the previous month,” the report notes. “The number of other separations was little changed over the month for total private and government.”
During the 12-month period ending June 2013, hires totaled approximately 51.8 million and separations were roughly 49.9 million. That’s a net employment gain of 1.8 million – exactly the same as May
“These figures include workers who may have been hired and separated more than once during the year,” the report concludes.
Here’s the full report:
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Featured image AP photo.