Job openings plunge to lowest level since Biden sworn in
By
Zach Halaschak
September 4, 2024 10:09 am
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Job openings plunged in July to their lowest level since early 2021, a concerning sign that the labor market is cooling. That will likely favor the Federal Reserve opting for a larger cut in its interest rate target at its September meeting.
July job openings fell to 7.67 million, a decline of over 1 million jobs from a year ago, the Bureau of Labor Statistics reported in an update to the Job Openings and Labor Turnover Survey. That is the lowest level since January 2021, the month President Joe Biden entered office.
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https://www.washingtonexaminer.com/policy/finance-and-economy/3142057/job-openings-plunge-to-lowest-level-since-biden-sworn-in/
