News Formal

U.S. job openings rise, but labor market slowing

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

U.S. job openings increased in October, but many of the help wanted signs could disappear amid widespread restrictions on businesses to slow rapidly spreading new COVID-19 infections.

FILE PHOTO: A"Now Hiring" sign sits in the window of Tatte Bakery and Cafe in Cambridge, Massachusetts, U.S., February 11, 2019. REUTERS/Brian Snyder

“The labor market remains miles and miles away from the best economy in 50 years in February before the pandemic struck,” said Chris Rupkey, chief economist at MUFG in New York. State and local government education saw a 23,000 increase in vacancies in October. Surprisingly, local government education has shed jobs in September, October and November. There were education job losses at state governments in September and October.

The JOLTS report followed on the heels of news last Friday that the economy created 245,000 jobs in November, the smallest gain in nonfarm payrolls since the jobs recovery started in May and the fifth straight monthly slowdown in employment growth. The economy has recouped only 12.4 million of the 22.2 million jobs lost in March and April.

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:

 /  🏆 2. in US
 

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

United States United States Latest News, United States United States Headlines

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

U.S. Labor Department will not enforce Trump-era investment rulesThe U.S. Department of Labor said on Wednesday it will not enforce two rules finalized in the last days of the Trump administration that curb investments based on environmental and social factors and shareholder voting in corporate meetings. More money is also flowing to managers that use environmental and social factors to select securities. Trump administration officials had said the rules focused investment managers on retirees' financial interests and 'material' risks to returns, rather than possible political issues. Hypocrites get offended by the truth. ----Jess C Scott It seems President Trump actually did other things besides telling lies on Twitter.
Source: YahooNews - 🏆 380. / 59 Read more »

Job openings rise in January as labor market strengthensU.S. job openings rose to 6.92 million in January, up from a revised 6.75 million in the prior month, the Labor Department said Thursday and this was well... Thanks, Trump!
Source: MarketWatch - 🏆 3. / 97 Read more »