U.S. jobs openings increased in June, layoffs dropped
The Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) report also suggested a growing skill shortage, which has been highlighted by independent surveys.
"This report continues to point to a tight labor market. It is clear that demand for labor is not the problem and there is nothing monetary policy can do to address a mismatch between the needs of employers and the skills of job seekers," said John Ryding, chief economist at RDQ Economics in New York.
Job openings, a measure of labor demand, rose 110,000 to a seasonally adjusted 5.6 million, the JOLTS report showed. That raised the jobs openings rate one-tenth of a percentage point to 3.8 percent. ■