Job openings in the U.S. declined by -275k to 7.44 million (vs 7.55 million expected) in June 2025, with the openings rate slipping -0.2 ppts to 4.4%.

• Private sector job openings fell -325k to 6.55 million (rate down -0.2 ppts to 4.6%).
• Hires decreased -261k to 5.20 million, pushing the hire rate down -0.1 ppts to 3.3%.
• Total separations declined -153k to 5.06 million (rate down -0.1 ppts to 3.2%), including a -128k drop in quits (rate steady at 2.0%).
• Layoffs and discharges held steady at 1.60 million with a flat 1.0% rate; private layoffs rose modestly to 1.54 million but the rate was unchanged at 1.1%.
• The labor market continued its gradual cooling trend, with openings and hiring both easing while quits remain subdued.