US job openings slip to 7.2 million in July, more evidence the American labor market is cooling

cross-posted from: https://lemmy.ca/post/50935982

The U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump’s trade wars have created uncertainty that is paralyzing managers making hiring decisions.