US job openings fell to 7.4 million last month as job market continues to cool
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Washington: Employers posted 7.4 million job vacancies last month, a sign that the American job market continues to cool.The Labour Department reported Tuesday that job openings in June were down from 7.7 million in May.Layoffs were little changed. But the number of people quitting their jobs - a sign of confidence in their prospects elsewhere - dropped last month.The US job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump 's trade wars have created uncertainty that is paralysing managers making hiring decisions.On Friday, the Labour Department will put out unemployment and hiring numbers for July. They are expected to show that the unemployment rate ticked up to a still-low 4.2% in July from 4.1% in June. Businesses, government agencies and nonprofits are expected to have added 115,000 jobs in July, down from 147,000 in June, according to a survey of economists by the data firm FactSet.The seemingly decent June hiring numbers were weaker than they appeared. Private payrolls rose just 74,000 in June, fewest since last October when hurricanes disrupted job sites. And state and local governments added nearly 64,000 education jobs in June - a total that economists suspect was inflated by seasonal quirks around the end of the school year.So far this year, the economy has been generating 130,000 jobs a month, down from 168,000 last year and an average 400,000 a month from 2021 through 2023 during the recovery from COVID-19 lockdowns.
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First Post
26 minutes ago
- First Post
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By making such statements, Trump is not merely playing geopolitical games—he is striking at the heart of India's national security sensitivities and damaging a relationship that both countries have spent decades nurturing into a consequential partnership for the 21st century. Trump has consistently hyphenated India–Pakistan relations, weakening India's position on cross-border terrorism by boosting Pakistan's strategic confidence through repeated endorsements and by portraying both countries as equals. These actions have granted Pakistan undue strategic legitimacy, disregarding decades of US policy that sought to engage India as an independent and trusted strategic partner. His claim—repeated over 29 times—that he personally brokered a ceasefire between India and Pakistan has been unequivocally denied by top Indian officials, including Prime Minister Narendra Modi, Foreign Secretary Vikram Misri, External Affairs Minister S Jaishankar, and Defence Minister Rajnath Singh. 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Moving forward, we can expect a greater degree of scepticism and a likely recalibration of India's foreign policy posture—possibly including greater resistance to US alignment. STORY CONTINUES BELOW THIS AD Trump's presidency has sown the seeds of growing anti-American sentiment in Indian strategic circles. His words and actions—especially repeated endorsements of Pakistan and disregard for India's strategic concerns—have not just weakened the India–US partnership; they have dented the very idea of trust in global diplomacy. As The Economic Times recently noted, doubts over US reliability are once again taking root in Indian foreign policy circles, and that's a serious blow to what was once considered the defining partnership of the twenty-first century. Imran Khurshid is a visiting research fellow at the International Centre for Peace Studies, New Delhi. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost's views.
Economic Times
26 minutes ago
- Economic Times
Godrej Properties on track to meet or exceed Rs 32,500 cr pre-sales target for FY26: Pirojsha Godrej
Agencies Godrej Properties Godrej Properties is on track to meet or even exceed Rs 32,500 crore sales bookings target for this fiscal as housing demand continues to be strong, its executive Chairperson Pirojsha Godrej an interview with PTI, he noted that the exuberance seen in the housing market post-COVID has calmed down, but the demand condition is still pretty strong. In the first quarter of this fiscal, Godrej Properties Ltd reported an 18 per cent decline in its pre-sales or sales bookings to Rs 7,082 attributed the decline in pre-sales to high base effect and also a slight delay in launch of couple of he said, "We are very much on track to meet or exceed our booking value target for the current 2025-26 financial year".The company's launch pipeline for this fiscal is quite heavy, which will help in meeting the pre-sales target of Rs 32,500 crore easily, said Pirojsha. Asked about the overall current housing market scenario considering global uncertainties, he said, "I think definitely, the kind of very exuberant market that was there may be a year ago has definitely settled down a little bit. But this is exactly what we would expect to see.". In the first few years of upcycle, Pirojsha mentioned that there is always a huge pent-up demand and sharp price appreciations. "But I would say demand conditions still very strong, but not that kind of frothy looking demand that you see sometimes. So, I would say things have calmed down a little bit, but remain very, very positive," he observed. Many property consultants have reported a decline in the total housing sales across the top seven cities in the last two quarters. Pirojsha highlighted that the company's balance sheet is very strong, enabling it to make investments in land acquisition and development of projects for ensuring targeted growth of the overall business. During the last two financial years, Godrej Properties was the country's largest real estate firm in terms of sales bookings. The company is likely to retain its top rank for the third consecutive fiscal year if it achieves the sales bookings target of Rs 32,500 the 2024-25 fiscal year, the company's sales booking rose 31 per cent to a record Rs 29,444 crore from Rs 22,527 crore in the preceding the financial front, Godrej Properties recently reported a 15 per cent increase in its consolidated net profit to Rs 598.40 crore for the first quarter of this fiscal as against Rs 518.8 crore in the year-ago income, however, fell to Rs 1,620.34 crore in the April-June period of 2025-26 fiscal against Rs 1,699.48 crore in the corresponding period of the preceding year. Godrej Properties' sales booking or pre-sales declined 18 per cent to Rs 7,082 crores during the April-June quarter from Rs 8,637 crore in the year-ago period. The collection of funds from customers against bookings rose 22 per cent to Rs 3,670 crore during the April-June Properties has a significant presence in Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Delhi-NCR and Hyderabad where it is developing group housing projects. The company is doing residential plotted development projects in many tier II cities, like Indore and Panipat. The Mumbai-based firm posted a net profit of Rs 1,389.23 crore on a total income of Rs 6,967.05 crore during the last financial year.
Time of India
42 minutes ago
- Time of India
Godrej Properties on track to meet or exceed Rs 32,500 cr pre-sales target for FY26: Pirojsha Godrej
Godrej Properties is on track to meet or even exceed Rs 32,500 crore sales bookings target for this fiscal as housing demand continues to be strong, its executive Chairperson Pirojsha Godrej said. In an interview with PTI, he noted that the exuberance seen in the housing market post-COVID has calmed down, but the demand condition is still pretty strong. In the first quarter of this fiscal, Godrej Properties Ltd reported an 18 per cent decline in its pre-sales or sales bookings to Rs 7,082 crore. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Digital Marketing CXO MBA Management Degree Public Policy Data Science Healthcare Operations Management Data Science Cybersecurity Finance MCA Product Management Technology Data Analytics Design Thinking Others Leadership healthcare Project Management PGDM others Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Pirojsha attributed the decline in pre-sales to high base effect and also a slight delay in launch of couple of projects. Nevertheless, he said, "We are very much on track to meet or exceed our booking value target for the current 2025-26 financial year". The company's launch pipeline for this fiscal is quite heavy, which will help in meeting the pre-sales target of Rs 32,500 crore easily, said Pirojsha. Live Events Asked about the overall current housing market scenario considering global uncertainties, he said, "I think definitely, the kind of very exuberant market that was there may be a year ago has definitely settled down a little bit. But this is exactly what we would expect to see.". In the first few years of upcycle, Pirojsha mentioned that there is always a huge pent-up demand and sharp price appreciations. "But I would say demand conditions still very strong, but not that kind of frothy looking demand that you see sometimes. So, I would say things have calmed down a little bit, but remain very, very positive," he observed. Many property consultants have reported a decline in the total housing sales across the top seven cities in the last two quarters. Pirojsha highlighted that the company's balance sheet is very strong, enabling it to make investments in land acquisition and development of projects for ensuring targeted growth of the overall business. During the last two financial years, Godrej Properties was the country's largest real estate firm in terms of sales bookings. The company is likely to retain its top rank for the third consecutive fiscal year if it achieves the sales bookings target of Rs 32,500 crore. During the 2024-25 fiscal year, the company's sales booking rose 31 per cent to a record Rs 29,444 crore from Rs 22,527 crore in the preceding year. On the financial front, Godrej Properties recently reported a 15 per cent increase in its consolidated net profit to Rs 598.40 crore for the first quarter of this fiscal as against Rs 518.8 crore in the year-ago period. Total income, however, fell to Rs 1,620.34 crore in the April-June period of 2025-26 fiscal against Rs 1,699.48 crore in the corresponding period of the preceding year. Godrej Properties' sales booking or pre-sales declined 18 per cent to Rs 7,082 crores during the April-June quarter from Rs 8,637 crore in the year-ago period. The collection of funds from customers against bookings rose 22 per cent to Rs 3,670 crore during the April-June quarter. Godrje Properties has a significant presence in Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Delhi-NCR and Hyderabad where it is developing group housing projects. The company is doing residential plotted development projects in many tier II cities, like Indore and Panipat. The Mumbai-based firm posted a net profit of Rs 1,389.23 crore on a total income of Rs 6,967.05 crore during the last financial year. Economic Times WhatsApp channel )
