The July 2026 JOLTs report showed 7.271 million job openings, below consensus estimates ranging from 7.33 to 7.36 million. June data was also revised sharply downward by 177,000 to 7.182 million, marking the largest downward adjustment since 2025. The quits rate fell to 1.9%, reflecting diminished worker confidence. Friday’s August nonfarm payrolls report, due September 4, will be the next key test of labor market strength.
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