Tuesday, 02 January 2024 12:17 GMT

US Job Openings Went Down In July -- Report


(MENAFN- Kuwait News Agency (KUNA)) WASHINGTON, Sept 3 (KUNA) -- Job openings ticked down in July 2025 to levels rarely seen since the Covid-19 pandemic, bolstering fears of cooling in the labor market, the US Dept. of Labor reported on Wednesday.
The Job Openings and Labor Turnover report of the Department' the Bureau of Labor Statistics showed that the number of job openings was little changed from 7.2 million to 7.18 million in July.
Over the month, both hires and total separations were unchanged at 5.3 million.
Within separations, both quits (3.2 million) and layoffs and discharges (1.8 million) were unchanged, according to the monthly report.
This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.
Job openings include all positions that are open on the last business day of the month.
The number and rate of job openings were little changed at 7.2 million and 4.3 percent, respectively, in July.
The number of job openings decreased in health care and social assistance (-181,000); arts, entertainment, and recreation (-62,000); and mining and logging (-13,000).
In July, the number and rate of hires were unchanged at 5.3 million and 3.3 percent, respectively.
The number of hires increased in other services (+86,000).
Total separations include quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee.
Therefore, the quits rate can serve as a measure of workers' willingness or ability to leave jobs.
Layoffs and discharges are involuntary separations initiated by the employer.
Other separations include separations due to retirement, death, disability, and transfers to other locations of the same firm.
In July, the number and rate of total separations were unchanged at 5.3 million and 3.3 percent, respectively. Total separations were little changed in all industries.
In July, the number and rate of quits were unchanged at 3.2 million and 2.0 percent, respectively.
The number of quits increased in professional and business services (+197,000). Quits decreased in construction (-80,000) and in transportation, warehousing, and utilities (-49,000).
The number and rate of layoffs and discharges in July were unchanged at 1.8 million and 1.1 percent, respectively.
Layoffs and discharges decreased in professional and business services (-130,000) but increased in federal government (+5,000).
The number of other separations decreased to 272,000 (-63,000) in July. (end)
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