Job Openings: US job openings fall to more than two-year low in June

WASHINGTON: US job openings fell to the bottom degree in additional than two years in June, however remained at ranges per tight labor market circumstances regardless of hefty rate of interest will increase from the Federal Reserve to dampen demand.

Job openings, a measure of labor demand, dropped 34,000 to 9.582 million on the final day of June, the bottom degree since April 2021, the Labor Division mentioned in its month-to-month Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Knowledge for Could was revised decrease to point out 9.616 million job openings as an alternative of the beforehand reported 9.824 million. Economists polled by Reuters had forecast 9.610 million job openings in June.

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