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The job market seems to be finally landing after what’s felt like the longest, bumpiest ride ever.
Job openings posted on the last day of July fell to a new low since January 2021, according to the newest Job Openings and Labor Turnover Survey (JOLTS) report released by the US Bureau of Labor Statistics on Wednesday. Meanwhile, hiring changed little and total separations increased in July, while total job openings, hires, and separations in June were downwardly revised from what was initially reported last month. Altogether, this data shows a labor market steadily cooling down from the record-high turnover seen during