Job Openings Slip in Latest Sign Labor Market is Gradually Slowing

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Job openings declined in July to the lowest level since March 2021, another sign the solid labor market is gradually cooling.

Employer demand for workers fell in July as Federal Reserve seeks signs inflation is easing sustainablyWages are outpacing inflation, driven largely by pay gains for low-income workers. Those gains have helped close the gap between blue- and white-collar workers. WSJ explains what’s driving the higher wages, and whether they will stick around. Illustration: Paige Money

U.S. job openings are continuing a downward trend in 2023, adding to signs a solid labor market is gradually cooling.Continue reading your article with

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Job openings fall to 28-low and fewer workers quit as labor market cools offJob openings in the U.S. fell to a 28-month low of 8.8 million in July, a sign that companies have scaled back hiring in response worries about an economic...
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