U.S. job openings drop sharply, labor market starting to loosen

Despite the fifth month of decreases in job openings this year reported by the Labor Department in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday, vacancies remained above 10 million for the 14th straight month.

The broad decrease in job openings was led by healthcare and social assistance, with a decline of 236,000. There were 183,000 fewer job openings in other services, while vacancies decreased by 143,000 in the retail trade industry. Fewer job openings were also reported in the financial activities, professional as well as leisure an hospitality industries.

All four regions saw decreases, with a big decline in the Midwest. The job openings rate fell to 6.2% from 6.8% in July. Hiring increased moderately, keeping the hiring rate at 4.1%.

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You are Left wing paid propaganda

Any fool can see, kicking the can reminiscent of 2007 before 2008 recession.

Or maybe pre Covid jobs that were lost have been filled?

…not in my area, everyone is begging for workers. Many construction sites have even halted work.

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Job openings fell “sharply”? “While there were 1.7 job openings for every unemployed person in August, down from two in July, this closely watched measure of supply-demand balance in the labor market remained above its historical average.”

It’s been hot? 😅😅

JOLTS peaks before employment peaks

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The number of US job openings fell by more than 1 million in August | CNN BusinessThe Federal Reserve is looking for more slack in the labor market out of concern that tight employment could push up wages and ultimately keep inflation elevated. Thanks Trump Recession is coming trump created so many jobs 🇺🇸🇺🇸 BRANDON is ruining the economy 🖕🖕🖕 -mike
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