News Formal

Job openings drop to 2-year low in June but labor market still tight

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

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

 /  🏆 458. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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.
Source: CNN - 🏆 4. / 95 Read more »

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.
Source: cnnbrk - 🏆 393. / 55 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »