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7/6, 4:01 PM (Source: TeleTrader)
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US job openings down to 11.3 million in May

The number of job openings in the United States stood at 11.3 million in May, down 427,000 from the figure documented in April, the country's Bureau of Labor Statistics reported on Wednesday. The job openings rate fell by 0.3 percentage points month-over-month to 6.9%.

The Job Openings and Labor Turnover Survey (JOLTS) showed that the number of hires declined by 38,000 to 6.49 million and that the hire rates came in at 4.3%, unchanged from the previous month.

The separation rates were also unchanged from April and hit 3.9% in May and the total separations levels increased by 18,000 to 5.98 million. The quits rate decreased by 0.1 percentage points month-on-month to land at 2.8%, while the layoffs and discharges rate remained unchanged at 0.9%.

Baha Breaking News (BBN) / MS