U.S. job openings slid to 10.7 million in June

WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. The Labor Department said Tuesday (Aug. 2, 2022) job openings fell to a still-high 10.7 million in June from 11.3 million in May. In its monthly Job Openings and Labor Turnover Survey, the Labor Department said that the number of Americans quitting their jobs fell slightly in June while layoffs fell. The job market has been resilient so far this year: Employers have added an average of 457,000 a jobs a month in 2022; and unemployment is near a 50-year low.