The post Job openings data falls to levels rarely seen since pandemic appeared on BitcoinEthereumNews.com. A “Now Hiring” sign at a Journeys store in the Brooklyn borough of New York on June 3, 2025. Adam Gray | Bloomberg | Getty Images Job openings ticked down in July to levels rarely seen since the Covid-19 pandemic, bolstering fears of cooling in the labor market. The Job Openings and Labor Turnover report showed around 7.18 million listings in July, according to data from the Bureau of Labor Statistics released Wednesday. That’s only the second reading under the 7.2 million level since the end of 2020. Wednesday’s print was the lowest since September 2024, when just more than 7.1 million openings were reported. Outside of that blip lower last year, these job opening levels were last seen when the pandemic was causing an upheaval of the U.S. economy and labor force. It also came in below expectations for 7.4 million openings from economists polled by Dow Jones. That underscored rising concerns of weakening in the labor market, a trend that has shown up in anecdotal evidence for several months. “This is a turning point for the labor market,” said Heather Long, chief economist at Navy Federal Credit Union. “It’s yet another crack.” “This is yet another data point underscoring how this job market is frozen and it’s difficult for anyone to get a job right now,” Long added. Weekly jobless claims data due on Thursday will offer the next round of insight into the health of the job market. Then, attention turns to the closely followed jobs report Friday morning. Don’t miss these insights from CNBC PRO Source: https://www.cnbc.com/2025/09/03/job-opening-data-falls-to-levels-rarely-seen-since-pandemic.htmlThe post Job openings data falls to levels rarely seen since pandemic appeared on BitcoinEthereumNews.com. A “Now Hiring” sign at a Journeys store in the Brooklyn borough of New York on June 3, 2025. Adam Gray | Bloomberg | Getty Images Job openings ticked down in July to levels rarely seen since the Covid-19 pandemic, bolstering fears of cooling in the labor market. The Job Openings and Labor Turnover report showed around 7.18 million listings in July, according to data from the Bureau of Labor Statistics released Wednesday. That’s only the second reading under the 7.2 million level since the end of 2020. Wednesday’s print was the lowest since September 2024, when just more than 7.1 million openings were reported. Outside of that blip lower last year, these job opening levels were last seen when the pandemic was causing an upheaval of the U.S. economy and labor force. It also came in below expectations for 7.4 million openings from economists polled by Dow Jones. That underscored rising concerns of weakening in the labor market, a trend that has shown up in anecdotal evidence for several months. “This is a turning point for the labor market,” said Heather Long, chief economist at Navy Federal Credit Union. “It’s yet another crack.” “This is yet another data point underscoring how this job market is frozen and it’s difficult for anyone to get a job right now,” Long added. Weekly jobless claims data due on Thursday will offer the next round of insight into the health of the job market. Then, attention turns to the closely followed jobs report Friday morning. Don’t miss these insights from CNBC PRO Source: https://www.cnbc.com/2025/09/03/job-opening-data-falls-to-levels-rarely-seen-since-pandemic.html

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more