How Has The US Job Situation Improved in June? What to Expect.

Helmholtz Watson

US JOLTS May job openings 5397K vs 4500K expected

Prior 5046K revised to 4996K (5 year low)
Quits at 1.6% v 1.4% prior

Largest gains in openings were in accommodation and food services (+196,000), retail trade (+147,000), and construction (+118,000), while decreased in information (-55,000), federal government (-37,000), and educational services (-27,000).

The number of hires jumped by 2.4 million to a series high of 6.5 million, the largest monthly increase since the series began, while total separations decreased by a record 5.8 million to 4.1 million.