News Formal

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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 85%

South Africa News News

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

WASHINGTON (AP) — 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.

WASHINGTON — U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience.

Layoffs fell in August. But the number of Americans quitting their jobs — a sign of confidence in their job prospects — slid to the lowest level since August 2020 when the economy was reeling from COVID-19 lockdowns. The overheating economy caused an outburst of inflation, and the Federal Reserve responded by raising its benchmark interest rate 11 times in 2022 and 2023. Inflation has come down — from a peak of 9.1% in June 2022 to 2.5% in August.

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:

 /  🏆 8. 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.

August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobsThe US economy added fewer jobs than expected in August while the unemployment ticked lower.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US labor market adds 142K jobs in August, unemployment drops142,000 jobs were added to the US labor market in August, according to the US Bureau of Labor Statistics's jobs report, below economist expectations for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

August jobs report, Broadcom Q3 earnings disappoint: Yahoo FinanceAll eyes are on the August jobs report — the first reading since July’s print ignited recession fears and spurred a market sell-off. This critical labor...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »