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US employers posted fewer open jobs, though hiring rose; latest sign of sluggish job market

U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market.

The Labor Department says job openings fell 180,000 in July to 3.7 million. That's down from 3.9 million the previous month, which was revised lower.

Overall hiring increased to 4.4 million, up from 4.3 million in June and 4.17 million a year ago.

The job market remains tight. There were 3.1 unemployed people competing for each open job. In a healthy economy the ratio is 2 to 1.

On Friday, the government said employers added 169,000 jobs in August and many fewer in the previous two months. The unemployment rate fell to 7.3 percent, but only because more people gave up looking for work.

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15 Y Fixed Graph 2.96% -- 2.96%  
30 Y Fixed Jumbo Graph 4.26% dw 4.28%  
5/1 ARM Graph 3.20% up 3.14%  
5/1 Jumbo ARM Graph 3.80% -- 3.80%  
Loan Type Graph Rate +/- Last Week
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$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.56% up 4.54%  
$50K Loan Graph 4.20% up 4.19%  
$75K Loan Graph 4.20% up 4.19%  
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36 M Used Graph 3.30% up 3.29%  
48 M New Graph 3.03% dw 3.06%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.14% up 3.13%  
Loan Type Graph Yield +/- Last Week
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1 yr Graph 0.61% -- 0.61%  
5 yr Graph 1.44% dw 1.48%