Job openings in the United States fell to 8.827 million in July, according to the Jolts report, published today (29) by the country’s Department of Labor.
The result was below the expectation of consulted analysts, of 9.5 million vacancies.
July numbers hit the lowest level since March 2021 showing signs of a more flexible job market following the unprecedented monetary policy tightening imposed by the Federal Reserve in recent months.
Over the month, job openings decreased in professional and business services (-198,000); health care and social assistance (-130,000); state and local government, excluding education (-67,000); state and local government education (-62,000); and federal government (-27,000). By contrast, the level of openings increased in information (+101,000) and in transportation, warehousing, and utilities (+75,000).