US job openings slip to 7.4 million, but labor market remains resilient in face of fighting in Iran
Summary
U.S. job openings decreased slightly to 7.36 million in June, but the job market remains strong despite higher energy prices caused by fighting in Iran. Employers have been adding an average of 92,000 jobs per month this year, and the unemployment rate is expected to stay low at about 4.2%.Key Facts
- Job openings in the U.S. fell from 7.54 million in May to 7.36 million in June.
- Layoffs stayed about the same at 1.8 million people.
- The number of people quitting their jobs increased slightly, showing worker confidence.
- Fighting in Iran and the closure of the Strait of Hormuz caused energy prices to rise.
- Despite these challenges, the U.S. job market has stayed strong and improved since a 2025 slowdown.
- On average, 92,000 new jobs have been added each month so far in 2026, up from less than 10,000 monthly last year.
- Job gains in July are expected to be around 100,000, with unemployment steady at 4.2%.
- President Donald Trump’s immigration policies and retirements of older workers have reduced the number of people competing for jobs.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
