Published 2 years ago

U.S. job openings fall in June; demand for labor gradually slowing

Summary by Ground News

U.S. job openings fell more than expected in June, suggesting that demand for labor was starting to cool, which could ease the pressure on the Federal Reserve to continue aggressively raising interest rates. Job openings, a measure of labor demand, were down 605,000 to 10.7 million on the last day of June, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.

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Reuters

U.S. job openings at nine-month low; labor market still tight

U.S. job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade industries, but overall market conditions remain tight, allowing the Federal Reserve to continue raising interest rates.

2 years ago·United Kingdom

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Associated Press News

U.S. job openings slid to 10.7 million in June

WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. Job openings fell to a still-high 10.7 million in June from 11.3 million in May, the Labor Department said Tuesday.

2 years ago·United States

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The Washington Post

Job openings eased in June, reflecting early signs of slowdown

Americans still quit their jobs in June at the same elevated rate as in the past few months.

2 years ago

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KRDO

U.S. job openings slid to 10.7 million in June

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. The Labor Department said Tuesday job openings fell to a still-high 10.7 million in June from 11.3 million in May. In its monthly Job Openings and Labor Turnover Survey, the Labor Department said that the number of Americans quitting their jobs fell slightly in June whi…

2 years ago·Colorado Springs, United States

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CNBC

Job Openings Fell Sharply in June as Labor Market Shows Signs of Slowing

Job openings plunged in June to their lowest level since September 2021 in a potential sign that a historically tight labor market is starting to loosen.

2 years ago·United States

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The Hill

Workers still empowered despite fewer open jobs in June

U.S. jobseekers had slightly fewer open gigs to choose from in June but still enjoyed record demand for workers as the labor market held strong, according to data released Tuesday by the Labor Depa…

2 years ago·Washington, United States

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