The number of Americans who quit their jobs in May fell from an all-time high as openings remained near an all-time high.
The total number of quits fell to 3.6 million last month, according to the Labor Department’s Job Openings and Turnover Survey, or JOLTS. Four million workers left their jobs in April. The total number of departures fell to 5.3 million, a decrease of 485,000 from the previous month.
Resignations declined in a number of industries, with the largest declines occurring in professional and business services (-181,000); transport, storage and utilities (-46,000); and the manufacturing of durable goods (-25,000). The North-East and South regions recorded a drop in the number of resignations.
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This is because the number of job postings held has changed little at 9.2 million. Openings hit a record 9.286 million in April.
The job creation rate remained unchanged at 6%.
Job vacancies increased in other services (+109,000), state and local government education (+46,000) and educational services (+35,000). There was a decrease in the number of jobs in the arts, entertainment and recreation (-80,000); State and local authorities, excluding education (-56,000); and the federal government (-17,000).
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The number of job vacancies was little changed in the four regions.