U.S. July job openings and quits 7.181 million … below market expectations

Son Min

Summary

It reported that the United States' July job openings and quits were 7.181 million.
This was said to be below both market expectations and the revised prior month's figure.
Job openings and quits are used as an indicator of labor market health.

The United States' July job openings and quits (JOLTs) fell short of market expectations.

On the 3rd (local time), according to the July JOLTs released by the U.S. Department of Labor, job openings in the U.S. market were 7.181 million, below both the expected 7.38 million and the revised prior month figure of 7.357 million.

Job openings and quits are a gauge of labor market health, and typically, when job openings and quits increase, the labor market is judged to be operating healthily.