June job openings dipped to 7.36M, down from 7.54M in May.
The pullback came mainly from:
- Healthcare
- Leisure and hospitality
- Business services
But the broader picture still looks balanced rather than deteriorating.
Hiring picked up slightly, driven by healthcare and construction. Layoffs remained limited, and the quits rate held steady at 2%.
Bloomberg Economics noted that softer labor demand should keep easing wage-driven price pressures.
The next key read is Friday’s July jobs report, where economists expect about 80,000 payrolls added.
