Reported about 1 month ago
Job openings in the United States fell to 7.67 million in July, the lowest level since January 2021, down from 7.91 million in June, according to new data from the Bureau of Labor Statistics. This decline raises speculation about the Federal Reserve potentially cutting interest rates amid a cooling labor market. While hiring increased slightly with 5.5 million hires in July, the quits rate rose to 2.1%. Economists interpret these trends as indicative of easing labor demand, with expectations for future interest rate cuts growing.
Source: YAHOO