# US Job Openings Drop to Lowest Since Early 2021—Recession Fears Grow 📉

**URL:** <https://onehack.st/t/us-job-openings-drop-to-lowest-since-early-2021-recession-fears-grow/290667>\
**Category:** News & Articles\
**Tags:** news\
**Created:** [September 5, 2024, 10:38am UTC](https://onehack.st/t/us-job-openings-drop-to-lowest-since-early-2021-recession-fears-grow/290667 "2024-09-05T10:38:12Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [September 5, 2024, 10:38am UTC](https://onehack.st/t/us-job-openings-drop-to-lowest-since-early-2021-recession-fears-grow/290667/1 "2024-09-05T10:38:12Z")

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Summary:

* * *

1. **Decrease in Job Openings**  
US job openings fell to 7.67 million in July, the lowest level since January 2021. This decline, from a revised 7.91 million in June, indicates a softening labor market.

2. **Rising Layoffs and Slowing Demand**  
The drop in job openings is accompanied by increased layoffs, suggesting reduced demand for workers and raising concerns about a potential recession.

3. **Federal Reserve’s Response**  
With job growth slowing and unemployment rising, Federal Reserve officials are considering rate cuts. The August employment data will be closely watched for further signs of economic weakening.

**Read more at:** [Yahoo](https://yahoo.com)