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U.S. job openings fell in June to a nine-month low, suggesting a slight moderation in demand for labor amid growing economic pressures.
The number of available positions decreased to 10.7 million in the month from an upwardly revised 11.3 million in May, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median forecast in a Bloomberg survey of economists called for 11 million openings.
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Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
Job openings fell in February while layoffs remained subdued.
U.S. private-sector hiring and wage growth slowed in December, with employers adding just 122,000 jobs.
The drop represents a positive change following a spike in unemployment over the summer.
U.S. job openings picked up in October while layoffs eased, suggesting demand for workers is stabilizing.
