Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: June 2022

The number of job openings decreased to 10.7 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively.…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The number of job openings decreased to 10.7 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.3 million) were little changed. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.

Job Openings

On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000). (See table 1.)

Hires

In June, the number and rate of hires were little changed at 6.4 million and 4.2 percent, respectively. Hires were little changed in all industries. (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

In June, the number and rate of total separations were little changed at 5.9 million and 3.9 percent, respectively. Total separations were little changed in all industries. (See table 3.)

In June, the number of quits was little changed at 4.2 million. The rate was unchanged at 2.8 percent. Quits decreased in construction (-51,000). Quits increased in state and local government education (+14,000). (See table 4.)

In June, the number of layoffs and discharges was little changed at 1.3 million. The rate was unchanged at 0.9 percent. Layoffs and discharges decreased in wholesale trade (-26,000), finance and insurance (-25,000), and in federal government (-4,000). (See table 5.)

The number of other separations was little changed in June at 367,000. Other separations decreased in real estate and rental and leasing (-9,000). Other separations increased in transportation, warehousing, and utilities (+9,000); durable goods manufacturing (+6,000); educational services (+3,000); and in federal government (+3,000). (See table 6.)

Establishment Size Class

In June, the job openings rate increased in establishments with 1,000 to 4,999 employees. The hires rate decreased in establishments with 1,000 to 4,999 employees and in establishments with 5,000 or more employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit www.bls.gov/jlt/sizeclassmethodology.htm.

Source: U.S. Bureau of Labor Statistics · Original release Aug 2, 2022.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Separate job openings from hiring

JOLTS measures unfilled openings on the last business day of a month, while hires and separations cover the whole month. Openings are not new payroll jobs. Read vacancies alongside hiring, quits and layoffs, and distinguish counts from rates and revised estimates. These measures add detail about labor demand and turnover to the policy discussion. The benchmark window below describes borrowing conditions around publication; it cannot attribute a rate change to this report. BLS Job Openings and Labor Turnover Survey.

Nearest published observation on or before each target date
Benchmark30 days earlierJul 3, 2022Publication referenceAug 2, 202230 days laterSep 1, 2022
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®5.70%Observed 5.30%Observed −40 bps vs. earlier reference5.66%Observed +36 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury2.88%Observed 2.75%Observed −13 bps vs. earlier reference3.26%Observed +51 bps vs. publication reference

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

May 2, 2022 – Nov 2, 2022
Historical mortgage and Treasury observations around Aug 2, 2022Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.2.50%5.00%7.50%Publication date30-year fixed mortgage: 5.27% · May 5, 202230-year fixed mortgage: 5.30% · May 12, 202230-year fixed mortgage: 5.25% · May 19, 202230-year fixed mortgage: 5.10% · May 26, 202230-year fixed mortgage: 5.09% · Jun 2, 202230-year fixed mortgage: 5.23% · Jun 9, 202230-year fixed mortgage: 5.78% · Jun 16, 202230-year fixed mortgage: 5.81% · Jun 23, 202230-year fixed mortgage: 5.70% · Jun 30, 202230-year fixed mortgage: 5.30% · Jul 7, 202230-year fixed mortgage: 5.51% · Jul 14, 202230-year fixed mortgage: 5.54% · Jul 21, 202230-year fixed mortgage: 5.30% · Jul 28, 202230-year fixed mortgage: 4.99% · Aug 4, 202230-year fixed mortgage: 5.22% · Aug 11, 202230-year fixed mortgage: 5.13% · Aug 18, 202230-year fixed mortgage: 5.55% · Aug 25, 202230-year fixed mortgage: 5.66% · Sep 1, 202230-year fixed mortgage: 5.89% · Sep 8, 202230-year fixed mortgage: 6.02% · Sep 15, 202230-year fixed mortgage: 6.29% · Sep 22, 202230-year fixed mortgage: 6.70% · Sep 29, 202230-year fixed mortgage: 6.66% · Oct 6, 202230-year fixed mortgage: 6.92% · Oct 13, 202230-year fixed mortgage: 6.94% · Oct 20, 202230-year fixed mortgage: 7.08% · Oct 27, 202210-year Treasury: 2.99% · May 2, 202210-year Treasury: 2.97% · May 3, 202210-year Treasury: 2.93% · May 4, 202210-year Treasury: 3.05% · May 5, 202210-year Treasury: 3.12% · May 6, 202210-year Treasury: 3.05% · May 9, 202210-year Treasury: 2.99% · May 10, 202210-year Treasury: 2.91% · May 11, 202210-year Treasury: 2.84% · May 12, 202210-year Treasury: 2.93% · May 13, 202210-year Treasury: 2.88% · May 16, 202210-year Treasury: 2.98% · May 17, 202210-year Treasury: 2.89% · May 18, 202210-year Treasury: 2.84% · May 19, 202210-year Treasury: 2.78% · May 20, 202210-year Treasury: 2.86% · May 23, 202210-year Treasury: 2.76% · May 24, 202210-year Treasury: 2.75% · May 25, 202210-year Treasury: 2.75% · May 26, 202210-year Treasury: 2.74% · May 27, 202210-year Treasury: 2.85% · May 31, 202210-year Treasury: 2.94% · Jun 1, 202210-year Treasury: 2.92% · Jun 2, 202210-year Treasury: 2.96% · Jun 3, 202210-year Treasury: 3.04% · Jun 6, 202210-year Treasury: 2.98% · Jun 7, 202210-year Treasury: 3.03% · Jun 8, 202210-year Treasury: 3.04% · Jun 9, 202210-year Treasury: 3.15% · Jun 10, 202210-year Treasury: 3.43% · Jun 13, 202210-year Treasury: 3.49% · Jun 14, 202210-year Treasury: 3.33% · Jun 15, 202210-year Treasury: 3.28% · Jun 16, 202210-year Treasury: 3.25% · Jun 17, 202210-year Treasury: 3.31% · Jun 21, 202210-year Treasury: 3.16% · Jun 22, 202210-year Treasury: 3.09% · Jun 23, 202210-year Treasury: 3.13% · Jun 24, 202210-year Treasury: 3.20% · Jun 27, 202210-year Treasury: 3.20% · Jun 28, 202210-year Treasury: 3.10% · Jun 29, 202210-year Treasury: 2.98% · Jun 30, 202210-year Treasury: 2.88% · Jul 1, 202210-year Treasury: 2.82% · Jul 5, 202210-year Treasury: 2.93% · Jul 6, 202210-year Treasury: 3.01% · Jul 7, 202210-year Treasury: 3.09% · Jul 8, 202210-year Treasury: 2.99% · Jul 11, 202210-year Treasury: 2.96% · Jul 12, 202210-year Treasury: 2.91% · Jul 13, 202210-year Treasury: 2.96% · Jul 14, 202210-year Treasury: 2.93% · Jul 15, 202210-year Treasury: 2.96% · Jul 18, 202210-year Treasury: 3.01% · Jul 19, 202210-year Treasury: 3.04% · Jul 20, 202210-year Treasury: 2.91% · Jul 21, 202210-year Treasury: 2.77% · Jul 22, 202210-year Treasury: 2.81% · Jul 25, 202210-year Treasury: 2.81% · Jul 26, 202210-year Treasury: 2.78% · Jul 27, 202210-year Treasury: 2.68% · Jul 28, 202210-year Treasury: 2.67% · Jul 29, 202210-year Treasury: 2.60% · Aug 1, 202210-year Treasury: 2.75% · Aug 2, 202210-year Treasury: 2.73% · Aug 3, 202210-year Treasury: 2.68% · Aug 4, 202210-year Treasury: 2.83% · Aug 5, 202210-year Treasury: 2.77% · Aug 8, 202210-year Treasury: 2.80% · Aug 9, 202210-year Treasury: 2.78% · Aug 10, 202210-year Treasury: 2.87% · Aug 11, 202210-year Treasury: 2.84% · Aug 12, 202210-year Treasury: 2.79% · Aug 15, 202210-year Treasury: 2.82% · Aug 16, 202210-year Treasury: 2.89% · Aug 17, 202210-year Treasury: 2.88% · Aug 18, 202210-year Treasury: 2.98% · Aug 19, 202210-year Treasury: 3.03% · Aug 22, 202210-year Treasury: 3.05% · Aug 23, 202210-year Treasury: 3.11% · Aug 24, 202210-year Treasury: 3.03% · Aug 25, 202210-year Treasury: 3.04% · Aug 26, 202210-year Treasury: 3.12% · Aug 29, 202210-year Treasury: 3.11% · Aug 30, 202210-year Treasury: 3.15% · Aug 31, 202210-year Treasury: 3.26% · Sep 1, 202210-year Treasury: 3.20% · Sep 2, 202210-year Treasury: 3.33% · Sep 6, 202210-year Treasury: 3.27% · Sep 7, 202210-year Treasury: 3.29% · Sep 8, 202210-year Treasury: 3.33% · Sep 9, 202210-year Treasury: 3.37% · Sep 12, 202210-year Treasury: 3.42% · Sep 13, 202210-year Treasury: 3.41% · Sep 14, 202210-year Treasury: 3.45% · Sep 15, 202210-year Treasury: 3.45% · Sep 16, 202210-year Treasury: 3.49% · Sep 19, 202210-year Treasury: 3.57% · Sep 20, 202210-year Treasury: 3.51% · Sep 21, 202210-year Treasury: 3.70% · Sep 22, 202210-year Treasury: 3.69% · Sep 23, 202210-year Treasury: 3.88% · Sep 26, 202210-year Treasury: 3.97% · Sep 27, 202210-year Treasury: 3.72% · Sep 28, 202210-year Treasury: 3.76% · Sep 29, 202210-year Treasury: 3.83% · Sep 30, 202210-year Treasury: 3.67% · Oct 3, 202210-year Treasury: 3.62% · Oct 4, 202210-year Treasury: 3.76% · Oct 5, 202210-year Treasury: 3.83% · Oct 6, 202210-year Treasury: 3.89% · Oct 7, 202210-year Treasury: 3.93% · Oct 11, 202210-year Treasury: 3.91% · Oct 12, 202210-year Treasury: 3.97% · Oct 13, 202210-year Treasury: 4.00% · Oct 14, 202210-year Treasury: 4.02% · Oct 17, 202210-year Treasury: 4.01% · Oct 18, 202210-year Treasury: 4.14% · Oct 19, 202210-year Treasury: 4.24% · Oct 20, 202210-year Treasury: 4.21% · Oct 21, 202210-year Treasury: 4.25% · Oct 24, 202210-year Treasury: 4.10% · Oct 25, 202210-year Treasury: 4.04% · Oct 26, 202210-year Treasury: 3.96% · Oct 27, 202210-year Treasury: 4.02% · Oct 28, 202210-year Treasury: 4.10% · Oct 31, 202210-year Treasury: 4.07% · Nov 1, 202210-year Treasury: 4.10% · Nov 2, 2022May 2, 2022Aug 2, 2022Nov 2, 2022
30-year fixed mortgage26 observations10-year Treasury128 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,665.91/month

5.30% · Jul 28, 2022

At the later reference$1,733.60/month

5.66% · Sep 1, 2022

The illustrative principal-and-interest payment is $67.69 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

Understand the policy connection →See current advertised mortgage options →