The total number of job openings increased 374k to 7.78 million in May, well above the expectation of openings falling to 7.3 million. The job openings rate increased 0.2 ppts to 4.6%.

• Total private job openings increased 374k to 6.94 million, with the rate up 0.3 ppts to 4.9%, and total government job openings was up just 1k to 834k, with the rate unchanged at 3.4%.
• Total hires fell -112k to 5.50 million, and the hire rate dropped -0.1 ppt to 3.4%.
• Total separations fell -71k to 5.24 million, and the separations rate was unchanged. Private separations fell -89k, and government separations increased 17k.
• Total quits increased 78k to 3.29 million, and the quits rate increased 0.1 ppts to 2.1%.
• Total layoffs and discharges dropped -188k to 1.60 million, and the layoff/discharge rate dropped -0.1 ppts to 1.0%. The private layoff/discharge rate dropped -0.2 ppts to 1.1%.

• While job openings did tick higher in May, the ratio of unemployed persons per opening fell to 0.9x in May, down from 1.0x in April.