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flag US job openings dropped to 7.4 million in June, signaling a softer job market ahead.

flag US job openings fell to 7.4 million in June, indicating a cooling job market. flag The decline is partly due to seasonal factors and the effects of Federal Reserve interest rate hikes. flag Despite fewer job openings and hiring, layoffs remain below pre-pandemic levels. flag The unemployment rate is expected to rise slightly to 4.2% in July, with job creation slowing to 115,000 in the coming month.

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