Number of US Job Openings Dropped to 10.7 Million in June

Number of US , Job Openings Dropped , to 10.7 Million in June.<br />In June, American employers posted fewer <br />job openings as the economy struggles under <br />record inflation and rising interest rates.<br />ABC reports that job openings <br />dropped to a still-high 10.7 million. .<br />According to the Labor Department, <br />that number was 11.3 million <br />just a month earlier in May.<br />According to the Labor Department, <br />that number was 11.3 million <br />just a month earlier in May.<br />ABC reports that the number <br />of U.S. job openings had never <br />exceeded 8 million prior to 2021.<br />The number had topped 11 million every <br />month from December through May. .<br />In 2022, <br />employers added an average <br />of 457,000 jobs each month. .<br />If the economy is rolling over, the labor <br />market had apparently not gotten<br />the memo yet as of the end of June. , Stephen Stanley, Chief economist <br />at Amherst Pierpont Securities, via ABC.<br />A case could be made for slight <br />moderation from an egregiously overheated <br />state, but that is about as far as I would <br />go in assessing labor market conditions, Stephen Stanley, Chief economist <br />at Amherst Pierpont Securities, via ABC.<br />According to ABC, the Labor Department's <br />upcoming jobs report is expected to show that <br />employers added an additional 250,000 jobs in July.<br />According to ABC, the Labor Department's <br />upcoming jobs report is expected to show that <br />employers added an additional 250,000 jobs in July.<br />According to a survey by the data firm FactSet, <br />economists expect unemployment to remain <br />at 3.6% for the fifth consecutive month.<br />ABC reports that the Federal Reserve <br />has rapidly increased interest rates to fight <br />the fastest growing inflation in forty years. .<br />ABC reports that the Federal Reserve <br />has rapidly increased interest rates to fight <br />the fastest growing inflation in forty years.