The American job market is showing more signs of a slowdown. In June, employers posted 7.4 million job openings, down from 7.7 million in May, according to the Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS). It’s another signal that hiring appetite is softening as businesses navigate lingering economic uncertainty and rising costs.

Hiring fell slightly, and the number of workers quitting their jobs—often seen as a sign of confidence in finding better opportunities—dropped to its lowest level since December. Layoffs, however, remained largely unchanged and below pre-pandemic levels, indicating that while companies may be hesitant to hire, they’re also not rushing to cut staff. Continue reading US Job Openings Fall to 7.4 Million in June as Labor Market Continues to Cool →