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By Staff Reporters
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According to the USBLS, the number of open Job positions ticked up unexpectedly in July, with around 11.2 million jobs available, slightly higher than June’s revised total of 11 million openings, according to the latest Job Openings and Labor Turnover Survey (JOLTS). Economists had expected there to be about 10.5 million jobs added, according to estimates from Refinitiv. The June total was revised up by about 300,000 positions.
Oil closed down almost $6 a barrel with global crude benchmark Brent falling beneath key $100 pricing, after a pro-Tehran television station out of London reported that Iran and the United States have reached a deal to revive a nuclear deal that could legitimately put the Islamic Republic’s oil back on the export market.
Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the NASDAQ also fell. Energy companies fell along with sliding crude oil prices. Technology stocks and industrial companies were also weak. The yield on the 10-year Treasury held steady.
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