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Forbes
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Job Openings Fell In July—But Hiring Increased. Here's What Industries Added The Most.

1. Job openings fell to 7.2 million, below estimates. 2. 5.3 million were hired in July, similar to June. 3. Unemployment rate rose to 4.2% with 73,000 nonfarm jobs added. 4. Construction and manufacturing reported significant job gains and losses. 5. August unemployment data predicts a rise to 4.3%.

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FAQ

Why Neutral?

The decline in job openings shows mixed signals for economic growth, similar to past trends. Historical examples show job market stabilization leads to volatility in S&P 500.

How important is it?

The reported job data affects economic outlook and can influence investor sentiment in the S&P 500.

Why Short Term?

Short-term fluctuations in job data typically influence market sentiment immediately, like in previous months.

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