Reported 3 months ago
Job openings fell slightly in June to 8.18 million from 8.23 million in May, with hiring also dipping to 5.3 million. The quits rate remained at 2.1%, showing worker insecurity. Economists warn of potential turbulence in the labor market, with increasing jobless claims and a rising unemployment rate. Former Labor Secretary Seth Harris suggests this may warrant interest rate cuts from the Federal Reserve, although current market expectations indicate otherwise.
Source: YAHOO