U.S. Job Openings Slip to 7.4 Million

U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from ongoing fighting in Iran and the closure of the Strait of Hormuz.

Employers posted 7.36 million vacancies in June, down from 7.54 million in May, the Labor Department said Tuesday. The numbers were in line with economist expectations. Openings rose by 97,000 at warehouse, transportation and utility companies and 39,000 at federal government agencies. Openings dropped at wholesalers and manufacturers of nondurable goods.

Layoffs were little-changed at 1.8 million, and the number of people quitting their jobs — a sign of confidence in their prospects — rose slightly.

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