US job openings dropped in June amid a sharp decline in the healthcare and social assistance sector, but a rise in hiring and low layoffs suggested the labor market remained stable.
Job openings, a measure of labor demand, had decreased by 178,000 to 7.359 million by the last day of June, according to the Labor Department’s Bureau of Labor Statistics.
Labor Market Stability
The job openings rate fell to 4.4% in June from 4.5% in May. Hiring increased by 96,000 to 5.348 million in June. The hires rate rose to 3.4% from 3.3% in May. Layoffs and discharges were little changed at 1.766 million, with the rate steady at 1.1%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
