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US Job Openings Decline To Lowest Level Since January 2021
US job openings fell in July to the lowest since the start of 2021 and layoffs rose, consistent with other signs of slowing demand for workers. From a report: Available positions decreased to 7.67 million from a downwardly revised 7.91 million reading in the prior month, the Bureau of Labor Statisti...
Job growth has been slowing, unemployment is rising and jobseekers are having greater difficulty finding work, fueling fears about a potential recession. Policymakers have made it clear they don't want to see further cooling in the labor market and are widely expected to start lowering interest rates at their next meeting in two weeks. After July's disappointing jobs figures and a large downward revision to payrolls in the past year, Fed officials and market participants are paying close attention to the August employment data due Friday -- especially if another weak report could prompt an outsize rate cut.
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