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The Independent UK
The Independent UK
National
Via AP news wire

Job vacancies rose in July, dashing Fed hopes for cooling

Copyright 2021 The Associated Press. All rights reserved.

The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.

The increase that the government reported Tuesday will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and spending, which tend to fuel inflation.

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