“The July jobs report was obviously a big turning point in terms of perceptions of the labor market and the near-term prospects for the economy.”

Oliver Allen, senior U.S. economist at Pantheon Macroeconomics, commenting on new data released by the Bureau of Labor Statistics that showed job openings fell in July for the second consecutive month to an estimated 7.67 million. Read the CNN article, “America Has the Fewest Jobs Available Since January 2021.”