Jobs
US Job Openings Decline to Lowest Level Since January 2021
- Vacancies fell to 7.67 million in July, below all estimates
- Layoffs rose to 1.76 million, highest level since March 2023
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US job openings fell in July to the lowest since the start of 2021 and layoffs rose, consistent with other signs of slowing demand for workers.
Available positions decreased to 7.67 million from a downwardly revised 7.91 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Wednesday. The figure was lower than all estimates in a Bloomberg survey of economists.