More evidence that the US job market remains hot after US job openings rise unexpectedly in August

WASHINGTON — 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.

Nick Bunker, head of economic research at the Indeed Hiring Lab, noted that most of the August increase in openings came from just one industry: professional and business services.""Yes, the job market is still retaining a lot of heat,'' he said,"but it hasn't gone back on the boil.'' Fed Chair Jerome Powell has expressed hope that hiring would moderate in the least painful way possible — with fewer vacancies and less job-hopping rather than through layoffs.

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