July labor market stalls as hiring and layoffs ease
TL;DR Summary
The Labor Department’s July JOLTS data show a near-stalled US labor market: job openings held around 7.3 million, hiring at about 5.1 million, and layoffs near 1.7 million with the layoff rate around 1.1%; the quits rate was 1.9%. Hiring remains anemic while layoffs are few this year, suggesting many workers stay put ahead of August data.
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- U.S. Job Openings Rose in July as Hiring Ticked Down WSJ
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- Where are all the new jobs? Hiring slows again — and it probably won’t speed up soon. MarketWatch
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