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There are more unemployed people in the US than there are jobs available.

There are more unemployed people in the US than there are jobs available.

In July, job openings in the US fell to 7.2 million, while the number of unemployed reached 7.24 million. For the first time since April 2021, there are more job seekers than available positions.

Experts say the job market is slowing, with fewer job opportunities and greater competition for every job. This development could ease pressure on wages, but it also signals growing uncertainty about the U.S. economy.