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The U.S. labor market remained on a solid trajectory in June, as employers cut back on the number of job postings but increased their rate of hiring.
Driving the news: That's the upshot of the Job Openings and Labor Turnover Survey issued Tuesday morning, which affirms a basic resilience in the job market also evident across a range of indicators.
By the numbers: The number of job openings fell 178,000 in June, to 7.36 million. The rate of job openings edged down as well, to 4.4% from 4.5%. But that's better than what the indicator was showing as recently as March.
