Some tough news for the jobs market, in July 2024 U.S. job openings fell to 7.67 million.
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00:00Some tough news for the job market in July 2024, U.S. job openings fell to 7.67 million. This is
00:07the lowest since January 2021, signaling a cooling labor market. This drop lower than expected
00:14reflects a slowdown in demand for workers. The unemployment rate rose to 4.3 percent
00:21and job gains were weaker than anticipated. Despite stable hiring and quits, layoffs spiked
00:27to their highest level since spring 2023. These trends raise concerns about a significant
00:33federal reserve interest rate cut amid a weakening job market.