The Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey for July on September 1, and the numbers paint a picture of a jobs market that refuses to buckle.
Job openings climbed by 89,000 in July to reach 7.271 million, keeping the openings rate steady at 4.4%. That followed a June figure of 7.182 million, itself a solid reading.
What the numbers actually say
Total hires came in at roughly 5.1 million for the month, flat from June. Total separations also held at 5.1 million, meaning the labor market absorbed roughly the same number of workers as it shed.
Quits held near 3.1 million, representing a 1.9% quit rate. A 1.9% rate suggests workers still think the market rewards voluntary departure, though it is cooler than the historic highs seen during the post-pandemic reshuffling years.
