U.S. job openings unexpectedly rose in August as labour market remains tight

U.S. job openings unexpectedly increased in August, pointing to tight labour market conditions that could compel the Federal Reserve to raise interest rates next month.

Job openings, a measure of labour demand, jumped 690,000 to 9.610 million on the last day of August, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for July was revised higher to show 8.920 million job openings instead of the previously reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More evidence that the US job market remains hot after US job openings rise unexpectedly in AugustWASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong desite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. Economists had expected only another 8.9 million vacancies. The number of layoffs and of people quitting their jobs — a s
Source: YahooFinanceCA - 🏆 47. / 63 Read more »