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US employers post most jobs in 5 years, but total hiring drops in mixed sign for job market

U.S. employers in June advertised the most jobs in five years but hired fewer workers, a mixed sign for the recovering job market.

The Labor Department says job openings rose 29,000 in June from May to 3.94 million. Total hiring, however, declined 289,000 to 4.2 million. That's down from a year earlier and the biggest one-month drop since June 2010.

The report on Job Openings and Labor Turnover comes after the government said employers added 162,000 jobs in July, the fewest in four months. Last week's report showed all jobs added, minus the number of people who were laid off, quit or retired.

Competition for jobs remains tight. In June, there were three unemployed people for every job opening. In a healthy economy, that ratio is typically 2 to 1.

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Loan Type Graph Rate +/- Last Week
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15 Y Fixed Graph 3.01% up 2.98%  
30 Y Fixed Jumbo Graph 4.07% up 3.98%  
5/1 ARM Graph 3.09% up 3.06%  
5/1 Jumbo ARM Graph 3.60% up 3.55%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.61% up 4.60%  
$50K HELOC Graph 4.09% up 4.08%  
$30K Loan Graph 5.02% up 4.88%  
$50K Loan Graph 4.54% up 4.33%  
$75K Loan Graph 4.54% up 4.33%  
Loan Type Graph Rate +/- Last Week
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36 M Used Graph 3.12% dw 3.13%  
48 M New Graph 2.91% dw 2.92%  
48 M Used Graph 2.76% up 2.75%  
60 M New Graph 3.05% dw 3.06%  
Loan Type Graph Yield +/- Last Week
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1 yr Graph 0.61% dw 0.65%  
5 yr Graph 1.45% up 1.43%