US job openings slip in July, adding to evidence that the American labor market is cooling
apnews.com
U.S. employers posted 7.2 million job vacancies in July as the American labor market continued to cool.

cross-posted from: https://lemmy.ca/post/50935982

The U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump’s trade wars have created uncertainty that is paralyzing managers making hiring decisions.

  • DarkDecay@lemmy.worldEnglish
    8·
    4 days ago

    I think the numbers are artificially inflated due to the number of migrant workers forced out of the country. The numbers would be much worse if thousands of shitty dead end job vacancies didn’t suddenly appear.

    Once more farms and companies fail and fold the available job numbers will tank. Just a matter of time in a taco economy