The Bureau of Labor Statistics released July JOLTS data on September 1, showing 7.271 million job openings, an increase of 89,000 from June, keeping the openings rate steady at 4.4 percent. Hires and separations balanced at approximately 5.1 million each, while quits held near 3.1 million with a 1.9 percent quit rate. Durable goods manufacturing led sector gains with 76,000 new openings, contrasting with a 188,000 decline in professional and business services hiring. This data underscores the resilience of the U.S. labor market, a key metric for the Federal Reserve as it weighs its interest rate decisions.
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