US job openings slip to 7.4 million, but labor market remains resilient in face of fighting in Iran
Hiring rose 96,000 even as openings fell, and layoffs stayed little changed, underscoring a labor market that remains broadly stable.
- On Tuesday, the Bureau of Labor Statistics reported U.S. job openings fell to 7.36 million in June from 7.54 million in May, though hiring increased by 96,000 to 5.3 million.
- The labor market remained resilient despite geopolitical instability linked to fighting in Iran, which disrupted shipping through the Strait of Hormuz and elevated energy costs.
- Vacancies declined primarily in wholesale trade and manufacturing, while hiring strengthened in healthcare and construction. The voluntary quits rate held steady at 2 percent, signaling worker confidence.
- Federal Reserve officials continue monitoring the vacancies-to-unemployed ratio as a gauge of labor demand, while economists project the July employment report will show payroll gains of 100,000.
- Allianz Trade senior economist Dan North described current conditions as 'stable, somewhat solid,' yet noted 'signs of decay and shakiness underneath' as hiring momentum continues to decelerate.
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Energy Costs Drag Down Consumer Sentiment As Job Market Signs Point To Recovery
U.S. consumer sentiment dropped 1.9 points this week to an overall index reading of 89.7 among adults, driven primarily by a retreat among middle-income households. Adults earning between $50,000 and $100,000 recorded the largest dip, with their sentiment index falling 4.4 points to 91.1. Lower- and higher-income brackets experienced more modest declines. The drop coincided […] Energy Costs Drag Down Consumer Sentiment As Job Market Signs Point …
U.S. job openings fall as healthcare vacancies post largest drop in 11 months | Honolulu Star-Advertiser
WASHINGTON >> U.S. job openings dropped in June as vacancies in the healthcare and social assistance sector declined by the most in nearly a year, but an improvement in hiring and low layoffs suggested the labor market remained stable.
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U.S. Labor Demand Cools as June Job Openings Fall to 7.36 Million
Federal data showed fewer available positions in June while hiring and layoffs remained largely unchanged and voluntary departures rose to their highest level since December. The post U.S. Labor Demand Cools as June Job Openings Fall to 7.36 Million first appeared on [your]NEWS.
For this Friday, August 7, the official report of July employment by the Department of Labour is expected
US Job Openings Slide Below 7.4 Million in June
The number of job openings eased below 7.4 million for the first time since March as demand for labor cooled heading into the summer, new government data show. June’s job vacancies declined by 178,000 to 7.36 million, from a downwardly revised 7.54 million in May, according to the Bureau of Labor Statistics report released on Aug. 4. Economists had projected a reading of 7.4 million. Heading into this week’s nonfarm payrolls report for July, var…
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