Job Openings Slip in Latest Sign Labor Market is Gradually Slowing

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Job openings declined in July to the lowest level since March 2021, another sign the solid labor market is gradually cooling.

Employer demand for workers fell in July as Federal Reserve seeks signs inflation is easing sustainablyWages are outpacing inflation, driven largely by pay gains for low-income workers. Those gains have helped close the gap between blue- and white-collar workers. WSJ explains what’s driving the higher wages, and whether they will stick around. Illustration: Paige Money

U.S. job openings are continuing a downward trend in 2023, adding to signs a solid labor market is gradually cooling.Continue reading your article with

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:

 /  🏆 98. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

This Week in Business: Job openings, Chewy earnings, August jobs reportOn Tuesday, the government reports on job openings for July; Pet food and supplies company Chewy reports financial results on Wednesday; On Friday, the Labor Department releases its August jobs report.
Source: AP - 🏆 728. / 51 Read more »

U.S. stocks struggle for direction ahead of job openings dataU.S. stocks opened mixed Tuesday, appearing to take a pause after back-to-back gains, as investors await economic data on job openings and consumer...
Source: MarketWatch - 🏆 3. / 97 Read more »

Job openings fall to 28-low and fewer workers quit as labor market cools offJob openings in the U.S. fell to a 28-month low of 8.8 million in July, a sign that companies have scaled back hiring in response worries about an economic...
Source: MarketWatch - 🏆 3. / 97 Read more »