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US Job Openings Drop to Lowest Level in Over Two Years, Raising Concerns for the Economy

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Source: CNN
US Job Openings Drop to Lowest Level in Over Two Years, Raising Concerns for the Economy
Photo: CNN
TL;DR

The number of available jobs in the United States dropped for the second consecutive month in June, reaching its lowest level since April 2021, according to the Bureau of Labor Statistics. Job openings decreased to 9.582 million, with industries such as transportation, warehousing, and utilities, as well as the federal government, experiencing declines. The labor market is slowly rebalancing, but there is still a shortage of workers compared to business needs, which the Federal Reserve sees as contributing to inflation.

Topics:businesseconomy#bureau-of-labor-statistics#economy#federal-reserve#job-openings#jolts-report#us-labor-market
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  1. The number of available jobs in the US just fell to its lowest level in more than two years  CNN
  2. JOLTS Job Openings edge lower to 9.58 million in June vs. 9.62 million anticipated  FXStreet
  3. Job openings in the U.S. little changed at 9.6 million  MarketWatch
  4. The strong U.S. jobs market could become a concern for the Fed, economist says  CNBC International TV
  5. Economy Rolls On as Markets Await Latest News on Jobs  U.S. News & World Report
  6. View Full Coverage on Google News

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