In Sign of Slowing Labor Market, US Job Openings Fell Sharply in June

In Sign of Slowing Labor Market, US Job Openings Fell Sharply in June
A 'now hiring' sign in a Manhattan store in New York on May 6, 2022. Spencer Platt/Getty Images
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After hitting a peak in March, the number of job openings has been falling since, a potential indicator that the labor market could be slowing down.

The number of job openings tumbled by 605,000, to 10.7 million, in June, falling short of the market estimate of 11 million. The rate of job openings dropped to 6.6 percent from 6.9 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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