The number of job vacancies in July decreased to 7.673 million; forecasted 8.09 million; the lowest since February 2021.

This is the lowest level since February 2021, far below the expected 8.09 million.
Not to mention, the job vacancies in June decreased from 8.23 million to 7.91 million.
The soft JOLTS report further demonstrates a slowdown in the labor market and increases the likelihood of a 50 basis point interest rate cut by the Federal Reserve this month.