The number of available job openings in the US fell to 7.36 million in June from 7.54 million in May, according to US Bureau of Labor Statistics data.
The June figure of 7,359,000 was below the market expectation of 7,440,000. In May, the number of US job openings was recorded as 7,537,000.
The US labor market appears to have lost some momentum after a burst of new job openings and hiring in the spring.
Sectoral shifts and hiring trends
In June, US job openings increased in the transportation, storage, utilities, and federal public sectors. Conversely, openings decreased in the wholesale trade, non-durable goods manufacturing, and mining sectors.
Total US hires in June, an increase of 96,000 from the previous month
The total number of separations—including quits, layoffs, and other departures—increased by 91,000 to reach 5,351,000 in June.
Michael McKee reported on revised factory orders and durable goods orders data on 'Bloomberg Open Interest'.
