US Job Openings in July Add to Fear of Stronger Rate Hikes

US Job Openings in July Add to Fear of Stronger Rate Hikes
A "now hiring" sign at a Home Depot store in San Rafael, Calif., on Aug. 5, 2022. Justin Sullivan/Getty Images
|Updated:
0:00

U.S. job openings rose in July, while data for June was revised sharply higher and unemployment remains low, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS report, on Aug. 30.

The extremely tight labor market conditions will probably give the Federal Reserve more leeway to continue increasing interest rates in its fight against high inflation.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics