The Bureau of Labor Statistics (BLS) recently released its June Job Openings and Labor Turnover Summary. The report revealed that there were 8.18 million job openings in June, a decrease from 8.23 million in May. This is a total decrease of 941,000 over the year. The job openings rate held at 4.9% in June.
“Labor demand remains concentrated in just a few industries,workers are hunkering down and feeling less confident about job availability, and businesses are more reluctant to bring on new hires.”
–Wells Fargo economists Sarah House and Aubrey George
