Key Points:
- The number of available jobs since May 2021 continues to outnumber Americans looking for work.
- The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown.
- Job openings rose to 11.2 million in July, up from the upwardly revised 11 million in June, and down from the record high 11.9 million in March.
- The U.S. added 528,000 jobs in July but there were 5.7 million people unemployed.
- In July, the number of hires was little changed at 6.4 million and the number of separations were little changed at 5.9 million.
- Within separations, the number of quits were little changed at 4.2 million – still near the record high of 4.4 million – and layoffs and discharges were little changed at 1.4 million.
- The share of adults working or looking for a job was little changed at 62.1% in July.
- The Right Facts will continue to monitor unemployment and job openings.