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U.S. job openings fall slightly to 8.2 million, sign that high rates continue to cool labor market

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WASHINGTON (AP) — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. There were 8.18 million job vacancies in June, down from 8.

WASHINGTON — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates.

The U.S. economy and job market have proven remarkably resilient despite the Federal Reserve's aggressive campaign to tame inflation by raising its benchmark interest rate to a 23-year high. But higher borrowing costs have taken a toll: Job openings peaked in 12.2 million and have come down more or less steadily ever since.

 

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