U.S. Job Openings Rise as Competition Weakens, Oil Prices Fall Below $70 on July 2

According to Jin10 data on July 2, U.S. job openings increased as competition among job seekers weakened, improving employment prospects despite lower-than-expected jobless figures. BMO senior economist Sal Guatieri noted that improved job-finding rates reflect reduced competition rather than strong hiring. Meanwhile, oil prices have broken below $70 per barrel, which Nationwide chief economist Kathy Bostjancic expects will gradually lower gasoline prices and support consumer spending in the second half of 2026.
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