No signs of U.S. labor deterioration as job openings rebound
No signs of U.S. labor deterioration as job openings rebound
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NewsTranscript
00:00The U.S. job openings unexpectedly rose in August, but weak hiring suggests a slowing
00:05labor market, keeping the Fed on track for a November rate cut.
00:10According to the Labor Department's JOLTS report, layoffs have decreased.
00:14In August, there were 1.13 job openings for each unemployed person, an increase from 1.08
00:20in July.
00:21The Labor Department's Bureau of Labor Statistics reported that job openings, an indicator of
00:26labor demand, increased by 329,000 to reach 8.40 million by the end of August.