U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job market. The number of jobs posted on the last day in June jumped 9.6 percent to 5.9 million, the Labor Department said Monday, a solid gain but still below the pre-pandemic level of about 7 million. And employers hired 6.7 million people in June, down from 7.2 million in May, a record high. The figures suggest that restaurants, bars, retail shops, and entertainment venues — businesses that were subject to shutdown orders in April — continued to bring back workers at a healthy pace. Job openings in those industries also rose. But outside those categories, employers remain reluctant to bring on new workers, a trend that could weigh on the economy in the coming months. Hiring slowed sharply in manufacturing, construction, and health care services in June. The government has previously reported that the nation gained 4.8 million jobs in June. That figure, however, is a net total, while Monday's report, known as the Job Openings and Labor Turnover Survey, or JOLTS, provides gross hiring figures, without subtracting layoffs or quits. On Friday, the government said employers added a net 1.8 million jobs, a solid gain but far below June's increase and below the 2.7 million added in May. Employers slashed 22 million positions in March and April, and so far 42 percent of those lost jobs have been regained. The number of people quitting their jobs, meanwhile, rose by one-quarter to nearly 2.6 million, a huge gain that is unusual in the depths of the recession, when workers typically try to hold onto their jobs. Many workers may be reluctant to remain in jobs that they believe put their health at risk. Economists also worry that many women and men are quitting jobs to look after children, a trend that could also hold back job growth.
By Christopher Rugaber
U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job market.
The number of jobs posted on the last day in June jumped 9.6 percent to 5.9 million, the Labor Department said Monday, a solid gain but still below the pre-pandemic level of about 7 million. And employers hired 6.7 million people in June, down from 7.2 million in May, a record high.
The figures suggest that restaurants, bars, retail shops, and entertainment venues — businesses that were subject to shutdown orders in April — continued to bring back workers at a healthy pace. Job openings in those industries also rose.
But outside those categories, employers remain reluctant to bring on new workers, a trend that could weigh on the economy in the coming months. Hiring slowed sharply in manufacturing, construction, and health care services in June.
The government has previously reported that the nation gained 4.8 million jobs in June. That figure, however, is a net total, while Monday's report, known as the Job Openings and Labor Turnover Survey, or JOLTS, provides gross hiring figures, without subtracting layoffs or quits.
On Friday, the government said employers added a net 1.8 million jobs, a solid gain but far below June's increase and below the 2.7 million added in May. Employers slashed 22 million positions in March and April, and so far 42 percent of those lost jobs have been regained.
The number of people quitting their jobs, meanwhile, rose by one-quarter to nearly 2.6 million, a huge gain that is unusual in the depths of the recession, when workers typically try to hold onto their jobs. Many workers may be reluctant to remain in jobs that they believe put their health at risk. Economists also worry that many women and men are quitting jobs to look after children, a trend that could also hold back job growth.
If you're shopping on Amazon and want to save even more money after Prime Day, Cheddar News has got you covered. Senior reporter Michelle Castillo talked to the experts at the company to find out how you can keep an eye on deals and even get cash back on your household purchases.
Did you happen to watch the series The Bear? The show follows a struggling small business owner in Chicago who is trying to save his business. It's a story a lot of small business owners in the U.S. can relate to. To help out these struggling entrepreneurs, Cheddar News brought on an expert here to help take your company from stressful to successful.
The sticker prices for Ford's F-150 Lightning electric pickup trucks are being lowered by thousands of dollars across the board, the company said Monday, due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.
United Airlines and the union representing its pilots said Saturday they reached agreement on a contract that will raise pilot pay by up to 40% over four years.
The court’s ruling applies to higher education institutions and other entities that receive federal funding and doesn’t directly change private employer obligations, but business leaders might pull back diversity, equity and inclusion programs to avoid lawsuits.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. Up this week: Meta, Disney & Microsoft-Activision Blizzard.
