Fewer Workers Quit in July

MarketWatch (08/29/23) Bartash, Jeffry

Job openings in the U.S. declined in July to a 28-month low of 8.8 million, according to the U.S. Bureau of Labor Statistics. Job listings dropped from a downwardly revised 9.2 million in June. That is the fewest number of job openings since March 2021. Economists surveyed by the Wall Street Journal had forecast job listings would total 9.5 million. The number of people quitting jobs sank to 3.5 million and hit its lowest level in two and a half years. The quits rate dropped a few ticks to 2.5% and returned to 2019 levels.

Job openings declined the most in white-collar jobs and professional businesses, and also declined for health care and government roles. Listings rose in information services such as media and in transportation.

This article originally appeared on marketwatch.com. Use this link to see the full article: Job openings fall to 28-month low and fewer workers quit as U.S. labor market cools off