Job openings unexpectedly fall in May
It dropped from a record 5.845 million openings in the prior month, revised higher in Tuesday's report.
Economists had forecast that there were 5.65 million job openings during that month, according to Bloomberg.
Federal Reserve chair Janet Yellen is fond of this report because beyond the number of jobs being created, it tells us about how much tighter the labor market is getting.
The JOLTS report includes data on the rate at which people are quitting their jobs. When this is rising, it partly indicates workers' confidence in their ability to find new jobs quickly.
The quits and hires rates were unchanged from the prior month, at 2% and 3.5% respectively.