News Formal

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

  • 📰 AP
  • ⏱ Reading Time:
  • 32 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

Jobs And Careers News

Labor,General News,Inflation

U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience. The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July. Economists had expected openings to be virtually unchanged. Layoffs fell in August.

Auto mechanic Willie Chung works on a vehicle at the Express Auto Service Inc., in Chicago, Thursday, Sept. 19, 2024. The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July. Economists had expected openings to be virtually unchanged. Openings were up in construction and in state and local government.

Job openings have come down steadily since peaking at 12.2 million in March 2022, but they remain above where they stood before the coronavirus pandemic hit the American economy in early 2020. When the economy roared back with unexpected strength from COVID-19 lockdowns, companies scrambled to find enough workers to keep up with customer orders.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

US job openings rise to 8 million as labor market remains sturdyU.S. job openings rose unexpectedly in August as the American labor market continued to show resilience
Source: ABC - 🏆 471. / 51 Read more »

Ohio’s labor market sheds jobs in August; sees 4.5% unemployment rate hold steadyOhio lost jobs and saw a steady unemployment rate in August
Source: clevelanddotcom - 🏆 301. / 63 Read more »

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.
Source: nypost - 🏆 91. / 67 Read more »

Will US JOLTS job openings confirm gradual cooling in labor market in August?The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS).
Source: FXStreetNews - 🏆 14. / 72 Read more »

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.
Source: FXStreetNews - 🏆 14. / 72 Read more »