The monthly decline in is the steepest since April 2020, and openings were at their lowest level in nine months. #JOLTShttps://t.co/Qn07XEFwKh pic.twitter.com/XzLBp7yz7j — Ben Casselman (@bencasselman) August 2, 2022Hires and quits remained historically high, with 6.4 million Americans being hired for a position and 4.2 million quitting their jobs. She noted the decline was still relatively modest, and job openings were still 53 percent higher than prior to the pandemic. The number of available jobs in the U.S. climbed to a record 11.5 million in March as employers sought to keep up with labor demand. The July jobs report, which will be released this Friday, August 5, is expected to show the U.S. added 250,000 jobs last month, with the unemployment rate remaining at a 50-year low.

Source: New York Times August 02, 2022 21:37 UTC