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U.S. job openings increases in June

Xinhua, August 11, 2016 Adjust font size:

U.S. job openings and hires increased in June and layoffs fell to a nearly two-year low, echoing an improving job market.

The number of job openings, a measure of jobs to be filled, increased to 5.6 million in June from 5.5 million in May, said the U.S. Labor Department on Wednesday in a monthly survey.

The number of hires reached 5.1 million in June, higher than the 5 million in May and the number of layoffs fell to 1.6 million in June from 1.7 million in May, the lowest level since September 2014, said the department.

Today's data were in line with the other data released recently showing an improving job market. The U.S. nonfarm payroll employment increased by 255,000 in July, and the unemployment rate was maintained at the low level of 4.9 percent, said the department last week, as it revised up the job gains in May and June making job gains over the past 3 months to 190,000 per month on average.

Job market performance is one of the key standards for Federal Reserve to tune its monetary policy. However because of the current high uncertainties in the world economy and sustained falling of labor productivity, several Fed officials have expressed caution about raising interest rates in a near term. Enditem