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Sunday, September 27, 2020
HomeNewsEconomyJOLTS: Job Openings Rose More than Expected in June

JOLTS: Job Openings Rose More than Expected in June

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

The U.S. Bureau of Labor Statistics (BLS) report on job openings and labor turnover (JOLTS) showed openings rose more than expected to 5.9 million in June. Hires decreased to 6.7 million, though still came in at the second highest level ever recorded.

Forecasts for job openings ranged from a low of 4.9 million to 5.5 million. The consensus forecast was just 5.29 million.

Quits and total separations also rose, however. Total separations rose to 4.8 million. Within separations, the quits rate rose to 1.9% while the layoffs and discharges rate was unchanged at 1.4%.

The BLS stated those gains are the result of a limited resumption of economic activity following the efforts to “slow the spread” of coronavirus (COVID-19) in March and April.

This article and accompanying chart are being updated.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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