Number of US , Job Openings Dropped , to 10.7 Million in June.
In June, American employers posted fewer
job openings as the economy struggles under
record inflation and rising interest rates.
ABC reports that job openings
dropped to a still-high 10.7 million. .
According to the Labor Department,
that number was 11.3 million
just a month earlier in May.
According to the Labor Department,
that number was 11.3 million
just a month earlier in May.
ABC reports that the number
of U.S. job openings had never
exceeded 8 million prior to 2021.
The number had topped 11 million every
month from December through May. .
In 2022,
employers added an average
of 457,000 jobs each month. .
If the economy is rolling over, the labor
market had apparently not gotten
the memo yet as of the end of June. , Stephen Stanley, Chief economist
at Amherst Pierpont Securities, via ABC.
A case could be made for slight
moderation from an egregiously overheated
state, but that is about as far as I would
go in assessing labor market conditions, Stephen Stanley, Chief economist
at Amherst Pierpont Securities, via ABC.
According to ABC, the Labor Department's
upcoming jobs report is expected to show that
employers added an additional 250,000 jobs in July.
According to ABC, the Labor Department's
upcoming jobs report is expected to show that
employers added an additional 250,000 jobs in July.
According to a survey by the data firm FactSet,
economists expect unemployment to remain
at 3.6% for the fifth consecutive month.
ABC reports that the Federal Reserve
has rapidly increased interest rates to fight
the fastest growing inflation in forty years. .
ABC reports that the Federal Reserve
has rapidly increased interest rates to fight
the fastest growing inflation in forty years.