Key Points:
- The number of available jobs since May 2021 continues to outnumber Americans looking for work.
- Job openings were unchanged at 7.67 million in July after June was revised down to 7.9 million.
- There are 1.1 million fewer job openings than July 2023.
- The number of job openings decreased in health care and social assistance (-187,000); state and local government, excluding education (-101,000); and transportation, warehousing, and utilities (-88,000). Job openings increased in professional and business services (+178,000) and in federal government (+28,000).
- The U.S. added 114,000 jobs in July but there were 7.2 million people unemployed.
- The number of job openings for June was revised down by 274,000 to 7.9 million, the number of hires was revised down by 93,000 to 5.2 million, and the number of total separations was revised down by 11,000 to 5.1 million. Within separations, the number of quits was revised down by 68,000 to 3.2 million, and the number of layoffs and discharges was revised up by 62,000 to 1.6 million.
- The number of hires was little changed at 5.5 million in July. Hires increased in accommodation and food services (+156,000) but decreased in federal government (-8,000).
- The number of total separations in July increased by 336,000 to 5.4 million.
- Within separations, quits (3.3 million) and layoffs and discharges (1.8 million) changed little.
- In July, the number of quits was essentially unchanged at 3.3 million but was down by 338,000 over the year.
- In July, the number of layoffs and discharges changed little at 1.8 million. Layoffs and discharges increased in accommodation and food services (+75,000) and in finance and insurance (+21,000).
- The labor force participation rate changed little at 62.7% and is 0.7% below its February 2020 level.
- The Right Facts will continue to monitor unemployment and job openings.