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Published

Job openings shrink to lowest level since January 2021 as labor market cools

  • The Labor Department reported 7.7 million open jobs in July, a decline from 7.9 million in June, marking the lowest level since January 2021.
  • Job openings have decreased steadily this year, from nearly 8.8 million in January.
  • July's job openings fell by 237,000, suggesting a slowing labor market that might lead the Federal Reserve to consider a significant rate cut.
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Bias Distribution

  • 59% of the sources are Center
58% Center
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