The number of available jobs in the US shrank more than expected in July, an indication that demand for workers continues to wane amid a cooling labor market.
Job openings fell in July for the second consecutive month to an estimated 7.67 million, from 7.91 million in June, according to new data released Wednesday by the Bureau of Labor Statistics.
That’s the lowest number of openings since January 2021.
Economists were expecting that the July postings would total 8.1 million, according to FactSet consensus estimates.
Wednesday’s data is
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