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flag U.S. job openings fall below the number of unemployed for the first time since the pandemic.

flag Job openings in the U.S. dropped to 7.2 million in July, down from 7.4 million in June, signaling a cooling labor market. flag This decline marks the first time since the pandemic that there are more unemployed people than available jobs. flag Despite slight increases in layoffs, the number of workers quitting remained stable at 3.2 million. flag The slowdown is attributed to the Federal Reserve's interest rate hikes and uncertainties from former President Trump's trade policies.

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