U.S. job openings rise slightly to 7.3 million as labor market remains sturdy despite higher costs
Summary
In July, U.S. job openings increased slightly to 7.27 million, showing the labor market stayed strong despite rising costs that affect family budgets. Employers added an average of 61,000 jobs each month this year, with unemployment remaining low near 4.1%.Key Facts
- Job openings rose to 7.27 million in July from 7.18 million in June.
- Layoffs fell in July, meaning fewer people lost their jobs.
- The number of workers quitting jobs also dropped, showing some caution about finding new jobs.
- On average, employers added 61,000 jobs per month so far in 2026.
- This job growth is better than 2025, when fewer than 10,000 jobs were added monthly.
- High interest rates and President Trump’s tariffs discouraged hiring in the past.
- The unemployment rate stayed low at about 4.1%.
- Forecasts expect 65,000 jobs added in August with unemployment slightly rising to 4.2%.
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