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Job Openings Fall in July

Openings are at their lowest level since March 2021

U.S. job openings dropped to the lowest level in nearly 2.5 years in July as the labor market gradually slowed, bolstering expectations that the Federal Reserve will keep interest rates unchanged next month.

The Job Openings and Labor Turnover Survey, or JOLTS report, from the U.S. Department of Labor on Tuesday also showed the number of people quitting their jobs dropped to levels last seen in early 2021, indicating that Americans were becoming less confident in the labor market.

That was reinforced by a survey from the Conference Board showing consumers' perceptions of the labor market cooled in August.

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