Job openings declined in June but remain much higher than pre-pandemic
Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for June. Read the full Twitter thread here.
Slight correction. Job openings are down each month since March’s series high. That’s three months in a row of declines. Please pardon the error in counting months when it’s now August and the data are for June.
— Elise Gould (@eliselgould) August 2, 2022
Hiring continues to outpace quits in every major sector as workers seek and find new jobs. Churn remains highest in low-wage accommodation and food services. Wage growth in that sector suggests workers are finding better jobs when they quit. pic.twitter.com/JbNQv4Dub0
— Elise Gould (@eliselgould) August 2, 2022
The hires rate in accommodation and food services ticked up for two months in a row even as the quits rate remains the highest across all sectors. Every month, workers continue to quit their jobs and find new and likely better opportunities within accommodation and food services. pic.twitter.com/ShdZXoPK3T
— Elise Gould (@eliselgould) August 2, 2022
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