US Job Openings Drop to Lowest Level in Over Two Years, Raising Concerns for the Economy

The number of available jobs in the United States dropped for the second consecutive month in June, reaching its lowest level since April 2021, according to the Bureau of Labor Statistics. Job openings decreased to 9.582 million, with industries such as transportation, warehousing, and utilities, as well as the federal government, experiencing declines. The labor market is slowly rebalancing, but there is still a shortage of workers compared to business needs, which the Federal Reserve sees as contributing to inflation.