Job Openings Drop to Lowest Level Since 2021 As Labor Market Cools

Job openings in the US fell to 8.8 million in July, the lowest level since March 2021.
The rate at which workers voluntarily quit their jobs also declined to the lowest level since early 2021.
The decreases suggest cooling labor market conditions as the Federal Reserve aims to curb high inflation.
Most of the decline came in professional services, healthcare, and government sectors.
Investors hope the easing conditions prompt the Fed to pause its interest rate hikes sooner.