The number of U.S. job openings fell to 7.67 million in July, reaching their lowest level since January 2021 and stoking concerns that the U.S. Federal Reserve has waited too long to reverse its series of interest rate hikes. The figure, reported in the Labor Department's Job Openings and Labor Turnover Survey on Wednesday, is below what most economists had estimated and represents a decline of 237,000 jobs from June's downwardly revised total of 7.91 million. Layoffs, in turn, rose in July to 1,762,000 — the highest level since March 2023.
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