US JOLTS prior month revised higher to 5.323M vs 5.249M

The headline number is the highest on record.

Some highlights:

  • Job openings as a percentage of total employment plus openings, 3.9% vs 3.6% prior
  • July pace of hiring 3.5% vs 3.7% prior month
  • 2.695M people quit a job in July. Quit rate at 1.9%
  • Separations at 3.3% vs 3.5% in July

Labor secretary Perex characterizes the report as solid. There is still some slack in the labor market. There is more work to do. Highest job openings in Professional and business services