Job openings fall to lowest level since January 2021

[Harpy Eagle]

Job openings fall to lowest level since January 2021

Job openings data released on Wednesday showed the labor market continued to cool in July as investors search for clues on how aggressively the Federal Reserve will cut interest rates in 2024.

finance.yahoo.com

​

Job openings fell more than expected in July. The data comes as investors closely watch for signs of further cooling in the labor market amid speculation the Federal Reserve will cut interest rates this month.

New data from the Bureau of Labor Statistics released Wednesday showed there were 7.67 million jobs open at the end of July, a decrease from the 7.91 million seen in June. This marked the lowest number of job openings since January 2021.


This should help cement the Feds decision to lower the rates.

Though the number is still very high historically speaking.