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About this Churn in the US Job Market
Churn in the labor market – how many workers quit voluntarily to work somewhere else, how many were discharged for whatever reason, how many retired or died, and how many were hired to fill these left-behind job openings – had gone on a wild ride in 2021 and 2022. That kind of epic labor market churn was expensive and inefficient for companies, but it ended up massively reshuffling where people worked, possibly producing better matches between skillsets and aspirations, which would be a positive outcome. And this churn has now settled down. This labor market “turnover,” as it’s called officially, is tracked ... (full story)
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The number of job openings was little changed at 7.4 million in June, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.2 million and 5.1 million, respectively. Within separations, quits (3.1 million) were little changed while layoffs and discharges (1.6 million) were unchanged. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month. Job Openings The number and rate of job openings were little changed at 7.4 million and 4.4 percent, respectively, in June. The number of job openings decreased in accommodation and food services (-308,000), health care and social assistance (-244,000), and finance and insurance (-142,000). The number of job openings increased in retail trade (+190,000), information (+67,000), and state and local government education (+61,000). (See table 1.) Hires In June, the number and rate of hires were little changed at 5.2 million and 3.3 percent, respectively. The number of hires decreased in arts, e - Prior month revised to 7.712m from 7.769m - Job openings rate was 4.4% in June vs 4.6% prior - 3.142m people quit a job in June vs 3.27m prior - Quits rate at 2% vs 2% - 1.604m workers were fired or laid off in June vs 1.611m prior - Layoffs and discharges rate at 1% vs 1%
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in June, alongside the number of layoffs and quits. JOLTS data is scrutinized by market participants and Federal Reserve (Fed) policymakers ...
From fxstreet.com | Jul 28, 2025
Fartcoin (FARTCOIN) edges lower after a nearly 14% drop on Monday, outpacing the broader market pullback in the last 24 hours. The meme coin holds above the 100-day Exponential Moving Average (EMA) as the rising bearish momentum risks a potential retest of the $1 psychological level. Furthermore, Jupiter (JUP) and Pump.fun (PUMP) extend losses as bullish ...
