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Data: FRED; Chart: Danielle Alberti/Axios

The June reading of the Labor Department's Job Openings and Labor Turnover Survey showed substantially less jobs were added in June than the department's nonfarm payrolls report.

By the numbers: The JOLTS report showed 6.70 million hires, down by 503,000 from the month before, and there were 4.76 million separations, up 522,000 from May.

  • In total, there were 1.94 million more hires than separations in June, less than half of the 4.79 million increase shown in June's payrolls report.

Why it matters: JOLTS is a more comprehensive analysis of the labor market than the more popular and timely monthly jobs report.

  • JOLTS counts jobs for the entire month, rather than just the period near the 12th day of the month, meaning it picks up new hiring and separations in the second half of the month.

Between the lines: The June Quit Rate was 1.9%, up three-tenths from the month before, but still below the 2.3% rate that was the recent norm.

  • That difference between the number of quits in February and June was 838,000, illustrating a declining confidence among the labor force.
  • The report also found 5.89 million job openings in June, up for the second month in a row from 5.37 million in May.

Go deeper

Dion Rabouin, author of Markets
Nov 8, 2020 - Economy & Business

Over 1 million Americans filed for unemployment for 33rd straight week

Data: U.S. Department of Labor; Chart: Andrew Witherspoon/Axios

The number of Americans receiving unemployment benefits continues to fall, but data from the Labor Department showed more than 1 million people filed for first-time jobless benefits for the 33rd week in a row.

By the numbers: More than 738,000 people applied for first-time traditional unemployment benefits last week, and nearly 363,000 applied for benefits through the Pandemic Unemployment Assistance (PUA) program.

11 mins ago - Sports

NFL to end race-based testing in concussion settlements

Photo: Brett Carlsen/Getty Images

The National Football League (NFL) on Wednesday reached an agreement with former players to end the controversial practice of race-based adjustments in dementia testing, AP reports.

Why it matters: The deal, which must still be approved by a judge, comes amid a broader discussion of racial inequities in health care.

Parents in Michigan, Virginia sue AG over action on school board threats

U.S. Attorney General Merrick Garland during an October news conference in Mexico City. Photo: Hector Vivas/Getty Images

A group of parents in Michigan and Virginia accused Attorney General Merrick Garland in a federal lawsuit Tuesday of trying to "criminalize" free speech by directing law enforcement to review threats against school staff.

Why it matters: The lawsuit, filed by the conservative American Freedom Law Center on behalf of the parents in two school districts, accuses Garland of seeking to suppress free speech in his memorandum directing federal authorities to counter the threats spike.