US Job Openings Decline in July; Hiring Lackluster
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U.S. job openings fell more than expected in July and hiring was moderate, consistent with easing labor market conditions.
Job openings, a measure of labor demand, dropped 176,000 to 7.181 million by the last day of July, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday. Economists polled by Reuters had forecast 7.378 million unfilled jobs.
Hiring increased 41,000 to 5.308 million in July. Layoffs rose 12,000 to 1.808 million. The labor market has slowed, with economists blaming...