Job Openings, Quits Rate Stay Near Record Highs Despite Recession Fears

The Hill (08/30/2022) Sylvan Lane

The July Job Openings and Labor Turnover (JOLTS) report illustrates a resilient job market, despite rising interest rates aimed at alleviating labor shortages. With approximately 11.2 million job openings in July, holding steady from June, there are nearly two job openings per unemployed American. While this challenges the Federal Reserve’s desired metric decline, it signals ongoing hiring difficulties for some employers, emphasizing robust demand for workers.

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