WASHINGTON — The number of open U.S. jobs slipped 0.4% in July, while hires climbed slightly, a sign that some employers might be growing cautious amid rising economic uncertainty.
The Labor Department says that employers advertised 7.22 million available jobs in July, down from a revised 7.25 million in June. Still, total hiring edged up to 6 million, and the number of quits rose 3.76% from the prior month. That points to a largely healthy job outlook.
There are 1.2 job openings for every unemployed person, suggesting that many businesses remain hungry for workers. Additional hiring could be especially significant in fueling consumer spending, which is the primary driver of economic growth.
Last week, the government said U.S. employers added 130,000 jobs in August, and the unemployment rate held steady at 3.7%.