The number of US job openings fell by more than 1 million in August | CNN Business

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The tight US labor market started to show signs of loosening in August. The number of job openings dropped to 10.1 million from 11.2 million in July.

The tight US labor market started to show signs of loosening in August. The number of job openings dropped to 10.1 million from 11.2 million in July, according to data released Tuesday by the Bureau of Labor Statistics. That’s the lowest total since June 2021.

The latest Job Openings and Labor Turnover Survey, or JOLTS, showed that the decrease in available jobs means that there are now almost 1.7 positions open for every person looking for one, down from two openings per job seeker in July. The decline is likely welcome news to the Federal Reserve, which wants more slack in the labor market out of concern that tight employment could push up wages and ultimately keep inflation elevated. This story is developing and will be updated.

 

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Most of these 1.1M jobs were taken off of the market because of the poor economy & not loosening the job market.

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with today's bideninflation you'll need 4 jobs per person just to keep up

Hmmm 🤨

StopHazaraGenocide

Is Biden going to take credit for that like he did for “the greatest job recovery in history “ lol

10M open jobs from 11.2. Does it matter ? America can’t fill open at this point.

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Recession is coming

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