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Demand for labor slowed last month as job openings slipped to their lowest level since March, new U.S. government data released on Sept. 29 show.
The number of job vacancies declined by 256,000 to 7.079 million in August, from an upwardly adjusted 7.335 million, according to the Bureau of Labor Statistics. Economists had penciled in a reading of 7.23 million.
Last month’s drop in openings was broad-based, led by health care and social assistance, professional and business services, construction, and manufacturing.
Despite the decrease, job openings have been above 7 million for most of the year.
Supporting the oft-described “low-fire, low-hire” environment, the bureau’s Job Openings and Labor Turnover Summary found that hires and terminations had changed little across all industries….
The number of job vacancies declined by 256,000 to 7.079 million in August, from an upwardly adjusted 7.335 million, according to the Bureau of Labor Statistics. Economists had penciled in a reading of 7.23 million.
Last month’s drop in openings was broad-based, led by health care and social assistance, professional and business services, construction, and manufacturing.
Despite the decrease, job openings have been above 7 million for most of the year.
Supporting the oft-described “low-fire, low-hire” environment, the bureau’s Job Openings and Labor Turnover Summary found that hires and terminations had changed little across all industries….
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