NTD Business (July 6): US Job Openings Dip to 9.8 Million; Debt Delinquencies Rise, Credit Crunch Ahead?

Don Ma
By Don Ma
July 6, 2023NTD Business
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U.S. job openings slipped a bit in May, but the labor market remains resilient.

Employers posted 9.8 million job openings, down from 10.3 million in April, according to the Labor Department Thursday.

A new report finds consumer debt delinquencies are on the rise and banks appear ready to tighten their lending standards, making it harder to borrow cash—raising questions about whether we’re headed for a credit crunch.

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