Job openings dip slightly in June amid signs of 'turbulence' in labor market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 53 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Labor Market News

Bureau Of Labor Statistics,Seth Harris,Unemployment Rate

The June JOLTS report is the latest data displaying a labor market that has begun to show some signs of cooling.

released Tuesday showed that 8.18 million jobs were open at the end of June, a decrease from the 8.23 million job openings in May. May's figure was revised higher from the 8.14 million open jobs initially reported. Economists surveyed by Bloomberg had expected the report to show 8 million openings in June.

This is one of the early signs of "turbulence" in the labor market data, per Harris, and one of the reasons he believes the Federal Reserve should be cutting interest rates when it announces its next policy decision on Wednesday.as several economists have noted in recent months the central bank should begin cutting interest rates before signs of cooling in the labor market intensify.

A “side hustle” can be one way to try out a new business idea before taking a full-fledged jump. Nearly 1 in 3 Americans earn money on the side in addition to working full time, a Bankrate survey found.Tesla Recalls 1.8 Million Cars After Owners Report Hoods Flying Open In the latest episode of UNSCRIPTED, Dino Rizzo, President of the ARC, chats with Brett Jones in a compelling discussion on servant leadership, mentoring, and the dynamics of co-pastoring. BIRMINGHAM, Ala., July 30, 2024 -- Dino Rizzo, President of the Association of Related Churches , recently sat down with Brett Jones for an insightful episode of the UNSCRIPTED podcast.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada’s job market stalls in June, unemployment rises to 6.4%Unemployment rate at its highest point since January 2022
Source: TerraceStandard - 🏆 24. / 68 Read more »

B.C.'s job market slumps with 10K positions lost in JuneUnemployment rate ticks downward as more British Columbians leave workforce.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »