Prior month 8.140M revised to 8.23MJob openings 8.184M. That is down -941,000 over the year. The job opening rate held at 4.9% in Juneaccommodations and food services +120Kstate and local government excluding education +94K. Durable goods manufacturing -88Kfederal government -62KVacancy rate of 4.9% versus 4.9% previouslyQuits rate 2.1% versus 2.1% previously (revised from 2.2%). The quits rate was down 434,000 over the year. Construction -64k state and local government education -55kSeparations rate 3.2% little change from last monthstate and local government -51K. Arts entertainment and recreation -39kHires rate 3.6% at 5.3 million. Versus a year ago, the hires are down 554,000
Job openings rising is positive for employment. THe quits rate remaining steady is also steady.
The chart below shows the number of unemployed persons per job opening is at 0.8. Although off lows, it remains near lows.
This article was written by Greg Michalowski at www.forexlive.com.
