The number of open U.S. jobs slipped 0.4% in July, while hires climbed slightly, a sign that some employers may be growing cautious amid rising economic uncertainty.
The Labor Department said Tuesday that employers advertised 7.22 million available jobs in July, down from a revised 7.25 million in June. Job openings reached a peak of 7.6 million last November but have fallen by about 400,000 since then. This is the second consecutive month in which job openings have declined.
Still, total hiring edged up to 6 million. The number of quits, which tends to increase when people are confident in the prospect of finding a new job, rose to 3.6 million.
The figures point to a largely healthy job outlook, said Daniel Silver, an economist at JPMorgan Chase Bank, in a note to clients.
“Like many other recent labor market indicators, the JOLTS report signals that job market conditions are reasonably healthy, but that they are not as upbeat as they were at some earlier stages of the expansion,” Silver said.
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