The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 47,300 (-0.3%) in June. The decline in June followed five consecutive monthly increases from January to May, with a cumulative gain of 147,600 (+0.8%) over this period. On a year-over-year basis, payroll employment was up 110,400 (+0.6%) in June.
Meanwhile, job vacancies in June were little changed at 554,000. On a year-over-year basis, job vacancies were down by 190,500 (-25.6%) in June.
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