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US labor market trends: June and July 2026

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-04 15:36 UTC → 2026-09-01 19:27 UTC · added removed

US labor market trends: June and July 2026

Following the June 2026 JOLTS data data, which showed job openings fell falling to 7.359 million, 178 000 fewer than May and below the 7.400 million forecast, pushing the and a shift toward a “slow-hire, slow-fire” mode, July data indicates a slight uptick in vacancies. U.S. job openings rate to 4.4 % from 4.5 %. Hiring rose by 96 000, bringing total hires to 5.348 million and lifting the hires rate to 3.4 %. Layoffs and discharges remained steady at about 1.8 million (1.1 % rate), while voluntary quits held at 3.2 7.27 million (2.0 % rate). Sector‑specific shifts included in July, up from a 147 000 drop revised 7.18 million in healthcare June. This July increase was primarily driven by the manufacturing, healthcare, and social assistance openings, gains state/local government sectors. Conversely, openings in transport, warehousing, utilities and the federal government, leisure and declines hospitality sectors reached their lowest level since 2021. While vacancies rose, gross hiring declined to 5.1 million in wholesale trade, nondurable‑goods manufacturing and mining. The Federal Reserve kept its benchmark rate July from 5.3 million in the 3.5 %–3.75 % range, with three committee members dissenting for June. The labor market continues to exhibit characteristics of a quarter‑point hike. Economists view ‘low fire, low hire’ environment. Layoffs reached their lowest level since January, and the gradual cooling as likely quit rate dipped to let 1.9%, suggesting increased worker caution regarding employment prospects. Despite these shifts, the Fed concentrate on inflation, describing unemployment rate remains low at 4.1%, and economists describe the market as operating sturdy despite high interest rates and geopolitical tensions in a “slow‑hire, slow‑fire” mode. the Middle East.

Versions

  1. 2026-09-01 19:27 UTC US labor market trends: June and July 2026
  2. 2026-08-04 15:36 UTC US labor market June 2026
  3. 2026-08-04 15:14 UTC US labor market June 2026
  4. 2026-08-04 14:54 UTC US labor market June 2026

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