The job market experienced a downturn in July, with actual hires falling despite an increase in job openings, according to the Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics. Additionally, both quits and layoffs and discharges decreased during the same month.
Illustration: Morning Brew Inc., Photos: Adobe StockThe dog days of summer hit the job market hard in July.
While job openings, signaling employers’ intent to hire, picked up in July, actual hires fell last month, according to the latest Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics, as employers have pulled back on hiring amid economic uncertainty. At the same time, both quits and layoffs and discharges declined in July. For
https://www.hr-brew.com/stories/weak-turnover-july-stagnating-labor-market?utm_source=&utm_medium=syndication&utm_campaign=feed