Reported 1 day ago
In June, job openings decreased to 7.44 million from 7.71 million, marking a slowdown in hiring rates to their lowest in seven months at 3.3%. The Bureau of Labor Statistics revealed a drop in hires to 5.2 million as the quits rate remained at 2%, reflecting worker caution amidst a cooling labor market. Despite a slight dip in the unemployment rate to 4.1%, the overall data indicate a labor market in stasis, prompting economists to suggest that the Federal Reserve may maintain current policies while awaiting clarity on economic conditions.
Source: YAHOO