U.S. job openings fall slightly to 8.2 million as high interest rates continue to cool labor market

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Labor Department,Labor Market

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.

WASHINGTON — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face ofStill, the report showed other signs of a slowing job market. Employers hired 5.3 million people, fewest since April 2020 when the pandemic was hammering the economy. The number of people quitting their jobs — a decision that reflects confidence in their ability to find higher pay or better working conditions elsewhere — slid to 3.3 million, fewest since November 2020.

The Fed is widely expected to leave interest rates unchanged at its meeting this week but to begin cutting them at its next gathering in September.Des Moines officers kill suspect after he opened fire and critically wounded one of them, police say ‘White Dudes for Harris’ raises $4 million during star-studded Zoom call joined by 150,000 people, including Pete Buttigieg, Mark Hamill and ‘The Dude’ himself

 

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