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Job openings for manufacturing decreased by 10,000 to 415,000 in On the other hand, the May job openings level of 425,000 was revised upward from 414,000 in the previous report. Nondurable goods job openings in June rose by 26,000 to 155,000, while durable goods job openings declined by 35,000 to 261,000. The manufacturing job openings rate stayed the same at 3.2% from May but fell from 3.4% the previous year. The rate for nondurable goods manufacturing advanced 0.5% to 3.1%, while it dipped 0.4% to 3.2% for durable goods.

In the larger economy, the number of job openings dropped to 7.4 million, a decrease of 275,000 from the previous month but an increase of 25,000 from the previous year. The job openings rate declined to 4.4%, down from 4.6% in May and 4.5% last year. This data reflects an overall labor market that has eased back to pre-pandemic levels, but remains relatively tight from a historical perspective.

The number of hires in the overall economy decreased 261,000 to 5.2 million in June but increased 116,000 from the previous year. The hires rate for the overall economy inched down 0.1% in June to 3.3%. Meanwhile, the hires rate for manufacturing ticked up 0.1% in June to 2.3%. The hires rate for durable goods similarly increased 0.1% to 2.1%, while the hires rate for nondurable goods stayed the same at 2.5%.

In the larger economy, total separations, which include quits, layoffs, discharges and other separations, decreased 153,000 from May to 5.1 million and 4,000 from the previous year. The total separations rate edged down 0.1% to 3.2% for the overall economy but rose 0.2% for manufacturing to 2.4%. Within that rate, layoffs and discharges decreased by 5,000 in June for manufacturing, while quits increased by 24,000. The quit and layoff rates continue to remain lower for manufacturing than the total nonfarm sector.