US job openings slip in July, adding to evidence that the American labor market is cooling
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — U.S. employers posted 7.2 million job vacancies in July as the American labor market continues to cool.
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The Labor Department reported Wednesday that job openings fell from 7.4 million in June and came in modestly below what economists had forecast. Healthcare and social assistance companies cut openings by 181,000 and retailers by 110,000.
The Job Openings and Labor Turnover Survey (JOLTS) showed that layoffs rose slightly. The number of Americans quitting their jobs — a sign of confidence in their ability to find better pay, opportunities or working conditions elsewhere — was unchanged from June at 3.2 million.