The Job Openings and Employment Turnover Survey (JOLTS) showed a decline in job openings in June. Openings fell to 9.58 million last month, less than the 9.6 million expected by economists and down from 9.62 million in May. Chris Rupke, chief economist at FWDBONDS, told Yahoo Finance Live that the job market remains “very tight, and it’s kind of a lack of economics here.” But as Rupke notes, “the million dollar question is whether or not that stops the Fed from tightening further.” So far, the Fed has managed to walk what it calls the “golden path” of raising interest rates and not tipping the economy into recession, Chicago Fed President Austan Goolsby said in a recent interview with Yahoo Finance.
Job openings down slightly in June, job market still ‘very tight’
