US job openings are rising despite recession talk


The US added 200,000 job openings in July from June, despite rising interest rates and recession fears.

The number of job openings had been slipping from April to June as the pandemic hiring frenzy eased somewhat. But employers seem to be picking up the pace again. In July, there were 11.2 million open jobs, not far off from a record high of 11.8 million in March, according to new data from the US Bureau of Labor Statistics.

That means there are now 1.9 job openings for every unemployed person in the US versus 1.8 in June.