Job Openings Remain Abundant

Job openings were little changed while remaining abundant at 6.662 million in June versus an upwardly revised 6.659 million in May. The number of hires remained well below job openings at 5.651 million in June, down from May's 5.747 million, while separations, which includes quits, layoffs and discharges, rose to 5.502 million from 5.419 million. Within separations, the quits rate was unchanged from May at 2.3 percent, while layoffs and discharges were also little changed at 1.2 percent.