US Job Openings Rise in July Amid Stable Labor Market
US job openings increased in July due to a surge in manufacturing vacancies. However, weak hiring and declining job rates suggest the labor market remains in a steady holding pattern.
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Insights:
Xurve View
United States job openings rose to 7.271 million by the end of July, driven by a rebound in manufacturing vacancies. The uptick follows a downward revision of June data to 7.182 million unfilled positions. Economists had previously projected 7.300 million openings for July.
