Monday Economic Report

Manufacturing job openings decreased 36,000 to 481,000 in June, survey shows

Job Openings and Labor Turnover Survey: Job openings for manufacturing decreased by 36,000 to 481,000 in June. At the same time, the May job openings level of 517,000 was revised downward from 529,000 in the previous report. Nondurable goods openings in June fell 55,000 to 136,000, while durable goods openings rose 18,000 to 345,000. The manufacturing job openings rate ticked down to 3.7% from 3.9% in May but increased from 3.0% the previous year. The rate for nondurable goods manufacturing fell 1.0 percentage point, and the durable goods manufacturing rate rose 0.2 percentage points to 4.2%. 

In the larger economy, the number of job openings fell to 7.4 million, a loss of 178,000 from May but 155,000 higher than the previous year. The job openings rate edged down to 4.4% from 4.5% in May but is up from 4.3% in June 2025. This data reflects an overall labor market that has eased back to pre-pandemic levels but continues to remain relatively tight from a historical perspective.

The number of hires in the overall economy rose 96,000 to 5.3 million in June and 21,000 above the previous year. The hires rate for the overall economy ticked up from 3.3% in May to 3.4% in June. Meanwhile, the hires rate for manufacturing stepped up 0.2 percentage points to 2.6% in June and is up from 2.3% in June 2025. The hires rate for durable goods rose 0.5 percentage points to 2.7%, while the hires rate for nondurable goods was unchanged at 2.5%. 

In the larger economy, total separations, which include quits, layoffs, discharges and other separations, increased 91,000 from May to 5.4 million but declined 81,000 from the previous year. The total separations rate ticked up 0.1 percentage point to 3.4% for the overall economy and was unchanged from the year prior. The total separations rate for manufacturing moved up 0.1 percentage point to 2.5% and was up from 2.4% in June 2025. Within that rate, layoffs and discharges decreased 4,000 in June for manufacturing, while quits rose 8,000. The quit and layoff rates continued to remain lower for manufacturing than the total nonfarm sector.