Editor's PiCK
U.S. June job openings and quits: 7,437,000 — below market expectations
Minseung Kang
Summary
- The U.S. Department of Labor announced that June job openings and quits totaled 7,437,000, falling short of both market expectations and the previous month's figure.
- Market experts reported that job openings and quits are used as indicators of labor market health.
- It was stated that the decrease in quits can be interpreted as a sign that the heat of the overheated U.S. labor market is easing somewhat.
The U.S. job openings and quits figure (JOLTS) for June came in below market expectations.
On the 29th (local time), the U.S. Department of Labor announced that, according to June JOLTS, the number of quits in the U.S. labor market was 7,437,000, which was lower than both the expected figure (7,510,000) and the revised figure for the previous month (7,712,000).
Market experts use job openings and quits as indicators of labor market health. The decline in the number of quits can be interpreted as a sign that the overheated U.S. labor market is cooling down somewhat.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
