Thread regarding United States Layoffs layoffs

Job openings, layoffs declined in June in a positive sign for the labor market

  • Employment openings totaled 9.58 million for June, edging lower from the downwardly revised 9.62 million in May, according to the Labor Department’s JOLTS report.
  • Layoffs nudged down to 1.53 million, after totaling 1.55 million in May.
  • Quits also fell noticeably, falling by nearly 300,000 or 0.2 percentage point.
  • A separate report showed that the manufacturing sector was still in contraction during July. The ISM Manufacturing Index registered a reading of 46.4, below the 50 level representing expansion.

https://www.cnbc.com/2023/08/01/jolts-june-2023-job-openings-layoffs-both-declined-in-a-positive-sign-for-the-labor-market.html

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