A cautious outlook was offered this morning for the job scene across the border.
The Job Opening and Labour Turnover Summary (JOLTS) was released by the U.S. Bureau of Labor Statistics, and revealed that the number of job openings decreased to 5.5 million on the last business day of May.
Hires and separations were both little changed at 5.0 million. Within separations, the quits rate was 2.0 percent and the layoffs and discharges rate was 1.2%. This release includes estimates of the number and rate of job openings, hires, and separations for the non-farm sector by industry and by four geographic regions.
Job openings decreased in May by 345,000 to 5.5 million. The prior three-month average change in job openings was +80,000. The job openings rate in May 2016 was 3.7%. The number of job openings decreased for total private and was little changed for government. Job openings decreased in a number of industries, with the largest changes occurring in wholesale trade (-104,000), other services (-98,000),
and real estate and rental and leasing (-53,000). In the regions, job openings decreased in the South and the Midwest.
The number of hires was little changed at 5.0 million in May, little changed for total private and for government. The hires rate was 3.5%. Hires were little changed in all industries and in all regions in May.
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