Employment vacancies in the United States dropped sharply in July, hitting the lowest level in over three years and signaling a significant cooling in the labor market. Job openings fell to 7.673 million in July, down from a downwardly revised 7.91 million in June, according to the latest official data Wednesday from the Job Openings and Labor Turnover Survey (JOLTs). The number also came in well below market expectations of 8.1 million, adding to growing concerns about slowing employment growth. Sectors recording the sharpest drop in job openings included: Health care and social assistance lo…
