Job vacancies, quits plunge in July

A WORKER shovels hot asphalt during a parking lot resurfacing job in Richardson, Texas. The U.S. job market has remained resilient, but Americans are facing higher prices and more expensive credit with the Federal Reserve hiking benchmark interest rates to combat inflation. / ASSOCIATED PRESS FILE PHOTO / LM OTERO
WASHINGTON (AP) – Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation. The number of job vacancies dropped to 8.8 million last month, the Labor Department…

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