US July JOLTS job openings 7217K vs 7331K expected

US job opening data from the Fed

  • Prior was 7348K (revised to 7248K)

This is a lagging indicator but the Fed likes it because it can help to confirm the trend in the jobs market. There’s a good argument that the jobs market was never as tight as believed because of all the prime-aged people out of the workforce. By that logic, the recent slowdown in hiring is a sign of economic weakness, rather than an economy at full employment.

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