Information out there for the job presents has hardly ever fall to the extent because the pandemic
A “now hired” sign in a travel business in the Brooklyn Borough of New York on June 3, 2025.
Adam Gray | Bloomberg | Getty pictures
The vacancies dropped to the level in July, which has rarely been seen since the Covid 19 pandemic and strengthens the fears of cooling on the labor market.
The report on job offers and work sales showed around 7.18 million entries in July, according to the data of the Bureau of Labor Statistics published on Wednesday. This is only the second reading below the level of 7.2 million since the end of 2020.
The pressure on Wednesday was the lowest since September 2024 when only more than 7.1 million openings were reported. Outside of this Blip lower last year, these jobs were recently seen when the pandemic led to an upheaval of the US economy and the employment population.
It was also raised under the expectations of 7.4 million openings by Dow Jones economists.
These underlined concerns about the weakening of the labor market, a trend that has occurred in anecdotal evidence for several months.
“This is a turning point for the job market,” said Heather Long, chief economist at the Navy Federal Credit Union. “It is another crack.”
“This is another data point that underlines how this labor market is frozen, and it is difficult for everyone to get a job now,” added Long.
The unemployed damage data due on Thursday offer the next round of the insight into the health of the labor market. Then the attention turns to the precisely followed job report on Friday morning.
Comments are closed, but trackbacks and pingbacks are open.