The report comes on the heels of a mixed bag of recent employment data: The latest survey on job openings and job turnover, published on Wednesday, showed that there were 11.3 million vacancies in May, or 1.9 positions for every job seeker, and historically low. levels of redundancies.
“We are already seeing some companies begin to retire on hiring, whether it is through layoffs or simply acting more slowly to fill their existing job openings,” said Daniel Zhao, senior economist at Glassdoor. “This is the first step companies take when they expect the economy to slow down. If there is a recession, there will probably be layoffs as a result, but the hope is that if the recession is mild, layoffs will be kept in, and a possible increase in unemployment will be lower as a result. “
More generally, the U.S. labor market is still in a period of incredibly high demand for workers, said Layla O’Kane, senior economist for labor market data firm Lightcast.
CNN’s Nicole Goodkind contributed to this report.