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The job market continued to slow down in June, according to the Bureau of Labor Statistics’ (BLS) most recent Job Openings and Labor Turnover Survey (JOLTS) report, released Tuesday. Job openings were unchanged between June and May, and total hires and separations fell slightly. Let’s dig in.
What the data says. Total hires and separations in June fell to 5.3 million and 5.1 million, respectively. That’s a slight decrease from the BLS’s revised estimate of 5.7 million hires and 5.4 million separations in May. Employers posted 8.2 million job openings in June, unchanged from the revised 8.2 million in May. Similarly,