Rather than openings, the most notable changes in June were in hiring and quitting.
There were 5.9 million hires in June, down from 6.2 million in May.
The quits rate, a measure of workers’ confidence in the job market and bargaining power, decreased to 2.4 percent, from 2.6 percent in May and down from a record of 3 percent in April 2022.
The number of workers laid off was 1.5 million, about the same as in May.
Why It Matters: The economy moves closer to a ‘soft landing.’
Over the past 16 months, as they has sought to curb inflation and make sure the economy does not overheat, Federal Reserve policymakers have pursued the coveted “soft landing.” That means bringing down inflation to the Fed’s target of 2 percent by raising interest rates without causing a significant jump in unemployment, avoiding a recession.
The JOLTS report released on Tuesday provides more optimism that the Fed is approaching that soft landing, as demand for workers remains robust while tapering gradually. Inflation remains high by historical standards — at 3 percent, according to the latest data — but has eased substantially.
At the end of their last meeting on July 26, policymakers raised rates a quarter-point, and the Fed’s chair, Jerome H. Powell, said its staff economists were no longer projecting a recession for 2023. But Mr. Powell left the door open to further rate increases and said the economy still had “a long way to go” to 2 percent inflation.