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.
This article originally appeared on thehill.com. Use this link to see the full article: Job openings, quits rate stay near record highs despite recession fears