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Source: Newsmaker.id
The number of job openings in the United States rose in July 2026 but remained below market expectations. JOLTS data showed job openings increasing by 89,000 to 7.271 million, up from a downwardly revised 7.182 million in June.
Despite the increase, the figure fell short of the market forecast of 7.30 million. This signals that US labor demand remains resilient but lacks the strength to indicate a new acceleration.
Job openings rose primarily in the durable goods manufacturing sector (up 76,000), healthcare and social assistance (up 54,000), wholesale trade (up 50,000), and construction (up 28,000). These sectors continue to demonstrate solid labor demand.
Conversely, job openings declined in the transportation, warehousing, and utilities sector by 67,000. The professional and business services sector also saw a drop of 65,000, signaling that some sectors are becoming more cautious about opening new positions.
Regionally, job openings increased in the Midwest (up 84,000) and the West (up 135,000). However, declines occurred in the Northeast (down 28,000) and the South (down 102,000). Meanwhile, the number of hires and total separations remained relatively unchanged at 5.1 million.
Newsmaker Analysis: The lower-than-expected JOLTS data suggests the US labor market is beginning to lose some momentum, though it has not yet entered a phase of sharp weakening. For the markets, this data could exert slight downward pressure on the US dollar and Treasury yields, as it allows the Federal Reserve to adopt a more cautious stance. However, given that job openings are still rising while quits and layoffs remain relatively stable, the impact is likely to be limited. Attention will now shift to ADP and NFP data to confirm whether the labor market is truly cooling. (asd)
Source: Newsmaker.id