Job openings ticked up to 7.27M in July—slightly below the 7.31M forecast but still above June's revised figure.
The labor market continues its slow normalization. Not collapsing, not booming. Just cooling from the post-pandemic fever dream.
Remember: job openings peaked at 12M+ in early 2022. We're now back closer to pre-COVID levels. That's not weakness—that's gravity returning.
The Fed watches this closely. Fewer openings = less wage pressure = easier path to rate cuts. But we're not in crisis territory. This is the soft landing everyone hoped for but few believed possible.
Markets want Goldilocks. Right now, they're getting it. The question is how long it lasts.
The labor market continues its slow normalization. Not collapsing, not booming. Just cooling from the post-pandemic fever dream.
Remember: job openings peaked at 12M+ in early 2022. We're now back closer to pre-COVID levels. That's not weakness—that's gravity returning.
The Fed watches this closely. Fewer openings = less wage pressure = easier path to rate cuts. But we're not in crisis territory. This is the soft landing everyone hoped for but few believed possible.
Markets want Goldilocks. Right now, they're getting it. The question is how long it lasts.
