U.S. Job Openings Rise Slightly to 7.27 Million in July

U.S. employers posted slightly more job openings in July, signaling a labor market that remains resilient despite economic headwinds, according to federal data released Tuesday. The Labor Department reported that job openings ticked up to 7.27 million in July from a revised 7.18 million in June, as measured by the Job Openings and Labor Turnover Survey, or JOLTS. The report indicated that while hiring slowed, layoffs also fell, painting a picture of a market in a state of cautious equilibrium. Gross hiring dipped to 5.1 million in July from 5.3 million in June. The number of people voluntarily quitting their jobs, often seen as a sign of worker confidence, also declined.