The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—was little changed (+4,900) in July, following an increase of 65,900 (+0.4%) in June. Meanwhile, job vacancies declined by 43,100 (-5.8%) to 701,300 in July, continuing a steady downward trend since June 2022.
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