Number of Job Openings Shrinks as US Labor Market Continues Cooling Off

The employment situation is coming into better balance, experts say.
Number of Job Openings Shrinks as US Labor Market Continues Cooling Off
The Department of Labor Building in Washington, on March 26, 2020. Alex Edelman/AFP via Getty Images
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The number of available jobs in the U.S. labor market is shrinking, and fewer workers are quitting their positions, new data from the Bureau of Labor Statistics (BLS) show.

According to the federal agency’s monthly Job Openings and Labor Turnover Summary (JOLTS) report, job openings fell by 46,000, to 8.184 million, in June. This was also down by 941,000 from the same time a year ago and came in slightly higher than the consensus estimate of 8 million.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."