Labor Department Reports Job Openings Steady in June

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Jobs market showing continued signs of strength. Kristen. What have you learned? Hannah. You're exactly right. So job openings in the US, they were a little change last month at 9.6 million in June, we should say, since it's August 1st, but it is a sign that the labor market is holding up even in the face of high borrowing costs. So job listings contracted a little bit to 9.5 million from 9.6 million in May according to the labor department. And while job openings are high, they're actually down from a peak of 12 million last year. While the number of people who quit their jobs in June fell to 3.8 million from 4 million in May. People usually quit their jobs when they're confident that they can easily find another. And the Federal Reserve's attempt to bring down inflation does partly lie in a softer jobs market according to the central bank.