Job Openings Top 11.2 Million in July
This is well above estimates
There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday.
Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the Job Openings and Labor Turnover Survey (JOLTS). The total was about 200,000 higher than the 11.04 million in June, a number revised up from the initially reported 10.7 million.
Federal Reserve officials watch the JOLTS numbers closely for signs of slack in hiring.
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