The latest Job Openings and Labor Turnover Survey (JOLTS) showed that job openings declined from 9.62 million in May to 9.58 million in June, as they continue to trend lower since peaking in March 2022. Note that job openings are still elevated compared to pre-Covid levels, but the reported total is likely overstated.

As work from anywhere became more common during Covid, the frequency of seeing the same job listing posted in multiple states has increased. This has added a new dynamic to the JOLTS data and is certainly a factor in the larger number of openings that we are now seeing when compared to before the pandemic.