US job openings rise to 8 million as labor market remains sturdy

Auto mechanic Willie Chung works on a vehicle at the Express Auto Service Inc., in Chicago, Thursday, Sept. 19, 2024. .

Layoffs fell in August. But the number of Americans quitting their jobs — a sign of confidence in their job prospects — slid to the lowest level since August 2020 when the economy was reeling from COVID-19 lockdowns. The overheating economy caused an outburst of inflation, and the Federal Reserve responded by raising its benchmark interest rate 11 times in 2022 and 2023. Inflation has come down — from a peak of 9.1% in June 2022 to 2.5% in August.

When the Labor Department releases its jobs report for September on Friday, it is expected to show that employers added 143,000 jobs last month and that the unemployment rate remained at a low 4.2%, according to a survey of forecasters by the data firm FactSet.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

NFP August report to test strength of US labor market after July’s shockerUS Nonfarm Payrolls are forecast to rise 160K in August after gaining merely by 114K in July.
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »

US labor market added just 142,000 jobs in August, weaker than expectedFed Chair Jerome Powell has made clear that he doesn’t want to see the job market weaken further.
مصدر: nypost - 🏆 91. / 67 اقرأ أكثر »