job search photo
(Image credit: YinYang/Getty Images)

U.S. job openings dropped in August to their lowest level since June of 2021, CNN reports Tuesday, per the Bureau of Labor Statistics.

The number of job openings dropped from 11.2 million in July to 10.1 million in August. The latest Job Openings and Labor Turnover Survey showed that the total number of job openings per employment-seeking individual has decreased from two to 1.7 per person. Per CNN, this decline in open positions is good news for the Federal Reserve, which has expressed concern that tight employment will increase wages and keep inflation elevated.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Theara Coleman, The Week US

Theara Coleman has worked as a staff writer at The Week since September 2022. She frequently writes about technology, education, literature and general news. She was previously a contributing writer and assistant editor at Honeysuckle Magazine, where she covered racial politics and cannabis industry news.