U.S. job openings fell slightly in June. The data for the prior month revised higher. This indicated ongoing labor resilience supporting the economy. Job openings dropped to 8.184 million, down 46,000, according to the Labor Department's JOLTS report. May data was also revised higher to show 8.230 million unfilled positions. The decline in job openings signals a moderating demand following the Federal Reserve's interest rate hikes, contributing to the case for rate cuts. Fed officials, meeting this week, are expected to maintain the current interest rate range.
