The Labor Department says job openings fell to 9.6 million in June, the lowest since April 2021 but well above pre-pandemic levels in a sign the job market remains tight.
Hamrick noted that hiring has been slowing and the trend could continue.
A sign during a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, on Jan. 18, 2023. The JOLTS report found the number of Americans who quit their jobs in June dropped to 3.8 million from 4.1 million the month before, indicating fewer workers feel confident they can leave their jobs and find employment elsewhere.closely watches these figures as it tries to gauge labor market tightness and wrestle inflation under control.
Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Nov. 2, 2022. The Fed has been on an aggressive campaign to raise interest rates in an effort to rein in inflation.On Friday, the government is set to release the July jobs report, which will show how many positions were added in July and whether the unemployment rate fell below its current level of 3.6%, which is near the lowest in a half-century.
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US job openings fall to more than two-year low in JuneU.S. job openings fell, but remained at levels consistent with tight labor market conditions.
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US job openings fall to more than two-year low in June By Reuters⚠️BREAKING: *US JOB OPENINGS FALL TO MORE THAN TWO-YEAR LOW IN JUNE 🇺🇸🇺🇸
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The number of available jobs in the US just fell to its lowest level since 2021 | CNN BusinessJob openings in the United States fell in June to their lowest level since April 2021, according to the latest labor turnover data published Tuesday by the Bureau of Labor Statistics.
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The number of available jobs in the US just fell to its lowest level in more than two years | CNN BusinessJob openings in the United States fell in June to their lowest level since April 2021, according to the latest labor turnover data published Tuesday by the Bureau of Labor Statistics.
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Job openings fall slightly to 9.6 million. U.S. labor market still tight.Job openings in the U.S. dipped to 9.6 million in June, but the demand for workers is still quite strong and suggests little slack in the labor market.
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Job openings fall to lowest level in 2 years as demand for workers coolsU.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit. Job openings dropped to 9.6 million in June, the Labor Department said Tuesday, down slightly from the previous month but much lower than the 10.3 million in April and the fewest in more than two years. The Federal Reserve is seeking to cool hiring because if companies are less desperate to add workers, and fewer people are quitting to seek higher-paying positions elsewhere, then businesses will be under less pressure to raise pay to find and keep workers.
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