
July Job report and June Job Opening and Turnover Survey
July job growth far exceeded expectations. Job growth was expected to slow in July, falling below the average increase seen over the last several months due to the Fed's aggressive efforts to stem inflation, but this was not the case. Non-farm payroll rose by 528,000. While payroll is increasing, job openings decreased by 10.7 million, according to the June Job opening and Turnover Survey.