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US job openings slip to 7.4 million, but labor market remains resilient in face of fighting in Iran
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104.1 KSGF
WASHINGTON (AP) — U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from fighting in Iran and the closure of the Strait of Hormuz.
The Labor Department said that employers posted 7.36 million vacancies in June, down from 7.54 million in May.
The U.S. job market has remained sturdy despite a surge in energy prices caused by the conflict in Iran, rebounding from a 2025 slump.
The unemployment rate is expected to have stayed at a low 4.2%, according to a survey of forecasters by the data firm FactSet.
So the economy doesn’t need as many new jobs as it once did to keep the unemployment rate from rising.