3 months ago
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U.S. job openings fell slightly last month, a sign that the American labour market continues to cool in the face of high interest rates.
The Labor Department reported on Tuesday that there were 8.18 million job vacancies in June, down from 8.23 million in May.
The June number was stronger than expected, as forecasters had expected eight million job openings.
Still, the report showed other signs of a slowing job market.
Employers hired 5.3 million people, the fewest since April 2020 when the pandemic was hammering the economy.
The number of people quitting their jobs — a decision that reflects confidence in their ability to find higher pay or better working conditions elsewhere — slid to 3.3 million, the fewest since November 2020.
But layoffs dropped to 1.5 million, the lowest since November 2022 and down from 1.7 million in May.
It’s a sign that employers remain reluctant to let go of staff.
English (US) ·