The number of job openings was unchanged at 7.6 million in May, the U.S. Bureau of Labor Statistics reported today. Hires were unchanged at 5.2 million, while total separations changed little at 5.1 million. Within separations, quits…
Source: U.S. Bureau of Labor Statistics3 min read
Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →
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 was unchanged at 7.6 million in May, the U.S. Bureau of Labor Statistics reported today. Hires were unchanged at 5.2 million, while total separations changed little at 5.1 million. Within separations, quits (3.1 million) changed little, while layoffs and discharges (1.7 million) were unchanged.
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 include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month.
Job Openings
The number and rate of job openings were unchanged at 7.6 million and 4.6 percent, respectively, in May. The number of job openings increased in wholesale trade (+71,000). (See table 1.)
Hires
The number and rate of hires were unchanged at 5.2 million and 3.3 percent, respectively, in May. Hires increased in federal government (+11,000). (See table 2.)
Separations
Total separations include 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 include separations due to retirement, death, disability, and transfers to other locations of the same firm.
In May, the number of total separations changed little at 5.1 million, while the rate was unchanged at 3.2 percent. Total separations changed little in all industries. (See table 3.)
In May, the number of quits changed little at 3.1 million, while the rate was unchanged at 1.9 percent. Quits increased in federal government (+4,000). (See table 4.)
The number of layoffs and discharges was unchanged at 1.7 million, while the rate changed little at 1.1 percent in May. Layoffs and discharges decreased in arts, entertainment, and recreation (-42,000). (See table 5.)
The number of other separations was unchanged at 328,000 in May. (See table 6.)
Establishment Size Class
In May, establishments with 1 to 9 employees and establishments with 5,000 or more employees showed little or no change in job openings, hires, and separations rates. (See table 7.)
April 2026 Revisions
The number of job openings for April was revised down by 33,000 to 7.6 million, the number of hires was revised up by 99,000 to 5.2 million, and the number of total separations was revised up by 60,000 to 5.0 million. Within separations, the number of quits was revised up by 66,000 to 3.0 million, and the number of layoffs and discharges was revised down by 25,000 to 1.7 million. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
The Job Openings and Labor Turnover news release for June 2026 is scheduled to be published on Tuesday, August 4, 2026, at 10:00 a.m. (ET).
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
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.
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$1,894.23/month
6.49% · Jun 25, 2026
At the later reference$1,927.88/month
6.66% · Jul 30, 2026
The illustrative principal-and-interest payment is $33.65 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
Freddie Mac Primary Mortgage Market Survey®: available observations from Apr 2, 1971 through Nov 5, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
U.S. Department of the Treasury: available observations from Jan 4, 2016 through Nov 10, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
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.