As hiring slowed in the retail and wholesale trade sectors in June, job opportunities in the United States decreased to their lowest level in nearly two years.
However, the job market is still generally tight, which allows the Federal Reserve to keep hiking interest rates.
The employment market still favors workers despite the larger-than-anticipated drop in openings announced by the Labor Department in its Job Openings and Labor Turnover Survey, report this week.
In June, at least 4.2 million employees left their positions voluntarily, while the number of layoffs decreased.
The number of job postings is one of many variables that Fed officials are actively monitoring.
In its fight against inflation, the U.S. central bank has been raising interest rates significantly, putting the economy in danger of entering a recession.
