8.2 million U.S. job openings decline in June due to cooling labor market amid rising interest rates.
U.S. job openings fell slightly to 8.2 million in June, indicating the labor market is cooling amid rising interest rates. This marks the fourth consecutive month of decline, reflecting a moderation in demand due to the Federal Reserve's aggressive interest rate hikes. Although the job market remains resilient, this trend suggests a gradual shift towards a cooler labor market environment.
July 30, 2024
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