Job openings are among several metrics being closely watched by Fed officials. The U.S. central bank has been delivering hefty interest rate hikes in its war against inflation, pushing the economy to the brink of a recession.
Job openings have been declining since scaling a record high of 11.9 million in March. Still, job openings are nowhere near the low levels seen during the Great Recession 13 years ago. Stocks on Wall Street were mixed. The dollar rose against a basket of currencies. U.S. Treasury prices fell. While vacancies fell in all four regions, the decrease was more pronounced in the technology-heavy West, where companies have been laying off workers and rescinding job offers.
In June, about 4.2 million people quit their jobs, down from 4.3 million in May. The quits rate, viewed by policymakers and economists as a measure of job market confidence, was unchanged at 2.8%.
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