Little encouragement from JOLTs

The Bureau of Labor Statistics reported today that May job openings edged up to 2.6 million but remained at a cyclical low of 1.9%. A recent high of 3.4% was reached two years ago. The hires rate ticked down from 3.1% to 3.0%, the lowest since the series began in December 2000.

Not much in the way of encouragement from the BLS as far as jobs are concerned but that's to be expected following recent labor market reports. The data contained were taken from the monthly report, Job Openings and Labor Turnover, or JOLT.