U.S. jobs openings increased in June, layoffs droppedStaff Writer | August 10, 2016
U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further.
Working in America Job Openings and Labor Turnover Survey
"This report continues to point to a tight labor market. It is clear that demand for labor is not the problem and there is nothing monetary policy can do to address a mismatch between the needs of employers and the skills of job seekers," said John Ryding, chief economist at RDQ Economics in New York.
Job openings, a measure of labor demand, rose 110,000 to a seasonally adjusted 5.6 million, the JOLTS report showed. That raised the jobs openings rate one-tenth of a percentage point to 3.8 percent. ■