![1-To-1: US Labor Market Nears Normalization Milestone](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2024/01/PowellJan132024.png?fit=1152%2C654&ssl=1)
1-To-1: US Labor Market Nears Normalization Milestone
Job openings across the world's largest economy dropped to the lowest since January of 2021 on the last business day of July, closely-watched BLS data released on Wednesday showed.
The 7.673 million headline JOLTS print was a mile below consensus. Economists collectively expected 8.1 million. The prior month was revised lower, making the drop even more impressive.
The undershoot adds to a growing body of evidence which suggests the US labor market's finally cooling, and anyway isn't likely to