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    Netting out separations from hires, showed that net turnover of jobs - traditionally the equivalent series to the BLS' monthly establishment payrolls data - printed at only 104K, this was the lowest addition since June 2012.

    We expect next month's data to be even worse as it declines to match the 38K reported in May job gains.

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    After last Friday's disastrous jobs report and concurrent prior revisions, few were expecting any remarkable developments from "Yellen's favorite labor market indicator", the BLS' JOLTS, or Jobs Openings and Labor Turnover Survey, and yet there were two surprises.

    First, when it comes to actual job openings, the number rose from a downward revised 5.675MM to 5.788MM, which meant the job opening rate remained flat at 3.9%, even if the actual number of job opening just matched the all time high of last July.

    The biggest number of job openings were in the leisure and hospitality services industry, followed by accommodation and food services; retail trade; and education and health services, all the lowest or minimum wage paying jobs.

    Of note here was that Professional & Business Services openings fell a remarkable 274,000 in April.

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