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Job openings eased in June, reflecting early signs of slowdown

August 3, 2022

The hot labor market could be starting to soften, as U.S. employers posted 10.7 million job openings in June, tapering off a bit from previous months. But the number of people who quit their jobs was still elevated, at 2.8 percent, according to data released Tuesday by the Bureau of Labor Statistics. The June data follows several months of record-high job openings and quit rates, which marked the high point of the hot labor market, as employers scrambled to find workers amid shortages across many sectors. June’s figures continue to reflect a strong labor market.

Article Source: Washington Post

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