(Bloomberg) -- U.S. job openings unexpectedly slumped in August to the lowest level since March 2018, underscoring the slowdown in hiring across American employers even as the labor market remains generally tight.
The number of positions waiting to be filled fell by 123,000 to 7.05 million, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Wednesday. The quits rate dropped to 2.3%, in line with readings over the past year and signaling workers remain confident about job opportunities.
- Openings have been on a downward trend from the record 7.63 million in November, and the latest figures are another sign of labor market cooling. Companies have eased hiring this year amid struggles to find qualified workers and a dimming economic outlook.
- Total vacancies exceeded the number of unemployed Americans by more than 1 million.
- Labor Department figures released Friday showed employers added 136,000 jobs in September, while average hourly earnings saw the weakest annual gain in more than a year. Still, the unemployment rate declined to a half-century low of 3.5%.
- Hiring decreased to 5.78 million while separations pulled back from an 18-year high, falling to 5.64 million.
- Openings decreased in the Midwest and West, while increasing in the Northeast and South.
- Although it lags a month behind other Labor Department data, the JOLTS report adds context to monthly employment figures by measuring dynamics such as resignations, help-wanted ads and hiring.
Other relevant articles
[2019-10-09 16:10:22] U.S. August wholesale inventories revised down; sales flat
[2019-10-09 15:20:09] AT&T to sell certain assets in Puerto Rico and U.S. Virgin...
[2019-10-09 14:30:09] U.S. Democratic presidential contender Warren vows to pursue...
[2019-10-09 13:05:07] GE’s Gaping Pension Deficit Is Just a Tiny Part of Companies’ $269 Billion Gap
[2019-10-09 13:00:13] Stocks - U.S. Futures Rise as China Offers to Buy American...
[2019-10-09 12:55:07] Stocks - U.S. Futures Rise as China Offers to Buy American Agricultural Goods
[2019-10-09 12:50:07] High-tech jacket allows deaf people to feel the music
[2019-10-09 12:45:23] China offering extra $10 billion in U.S. agricultural buying: FT
[2019-10-09 12:40:07] Futures climb as U.S.-China tensions ease
[2019-10-09 11:35:07] China Open to Partial U.S. Trade Deal Despite Tech Blacklist
[2019-10-09 11:30:08] Turkish Troops Begin Crossing Into Syria After U.S. Stands Aside
[2019-10-09 11:05:07] Mail.Ru and partners team up with Alipay for Russian payment JV
[2019-10-09 10:20:08] Exclusive: Airbus defense unit sees cash challenge, adopts...
[2019-10-09 09:30:10] World Bank cuts Russian economic growth forecast to 1% in 2019
[2019-10-09 09:05:07] Asian shares, oil ease as U.S.-China standoff spreads
[2019-10-09 09:05:07] Russian sovereign fund opens office in Saudi
[2019-10-09 08:20:07] NBA fans in China seek refund from Tencent as streaming suspended
[2019-10-09 08:10:07] Birthplace of U.S. civil rights movement elects first black mayor
[2019-10-09 07:00:13] Venture capital investments in U.S. set for another bonanza year
[2019-10-09 06:40:07] U.S. Farms Face Long-Term Losses From Trump Trade War, BCG Warns
[2019-10-09 06:35:06] Oil Prices Fall Amid Rising Crude Stockpiles, Escalating...
[2019-10-09 06:05:11] Forex - Pound, Dollar Little Changed; Brexit Woes, Sino-U.S. Trade War in Focus
[2019-10-09 05:50:09] Goldman Reviews Megvii’s HK IPO After U.S. Places Chinese Tech...
[2019-10-09 05:10:07] Asian Markets Fall Amid Sino-U.S. Trade Tensions
[2019-10-09 04:05:07] Oil prices extend slide to third straight day, U.S.-China trade...
[2019-10-09 03:05:07] Pelosi blasts White House for refusing to cooperate in Trump...
[2019-10-09 02:50:07] Asian stocks fall by the most in a week as U.S.-China standoff...
[2019-10-09 02:10:07] U.S. senators call for probe of Brazilian meatpacker JBS
[2019-10-09 01:40:15] Australia consumer sentiment plunges to four-year lows in October
[2019-10-09 01:15:13] English house builders report weakest demand since 2013
[2019-10-09 00:55:30] House Democrats subpoena U.S. diplomat Sondland in Trump...
[2019-10-09 00:55:30] White House calls House impeachment probe unconstitutional
[2019-10-09 00:20:08] Productivity stagnant despite global stimulus: WEF
[2019-10-09 00:00:14] J&J must pay $8 billion in case over male breast growth linked to...
[2019-10-08 23:35:05] PG&E to cut off power to nearly 800,000 customers to reduce...
[2019-10-08 23:15:12] Twitter says user data meant for security purposes may have gone...
[2019-10-08 23:15:12] Barr investigates the investigators of Russian meddling
[2019-10-08 22:55:05] U.S. Treasury proposes guidance to reduce tax headaches from...
[2019-10-08 22:50:05] U.S. Farm Struggle Not So Bad Unless You Have Cows, Analyst Says
[2019-10-08 22:50:05] UBS Warns of Weakness for U.S. Consumers Who Propel Economy
[2019-10-08 22:50:05] China state newspaper criticizes Apple for app use by Hong Kong protesters
[2019-10-08 22:45:05] Goldman Sachs evaluating involvement in Megvii IPO after of U.S....
[2019-10-08 22:40:05] U.S. lawyer Michael Avenatti gets trial date on charges of...
[2019-10-08 22:25:04] Levi Strauss profit declines on trouble in the Americas
[2019-10-08 22:10:19] Stocks - Wall Street Slumps Again on U.S.-China Tensions
[2019-10-08 21:50:07] U.S. Senate panel chairman says to probe Ukraine, invites...
[2019-10-08 21:40:05] U.S. Bans Travel by Chinese Officials Linked to Abuse of Muslims
[2019-10-08 21:35:04] U.S. Bans Travel by Chinese Officials Tied to Muslim Abuses
[2019-10-08 21:35:04] Pro-impeachment group targets vulnerable House Republicans with...
[2019-10-08 21:30:07] U.S. imposes visa restrictions on Chinese officials over Muslim...
[2019-10-08 20:40:10] U.S. Mohegan unveils plan for luxury casino resort in Greece
[2019-10-08 20:05:04] GM strike impacts 150,000 auto industry workers: consulting firm
[2019-10-08 18:10:15] NewsBreak: Oil Extends Slide as White House Again Targets China
[2019-10-08 17:25:04] With U.S.-China tensions running high, hopes dim for trade war
[2019-10-08 16:55:04] Mexico vows labor rights, higher wages to urge U.S. Democrats to back trade deal
[2019-10-08 16:25:04] StanChart CEO confident China-U.S. trade dispute can be settled
[2019-10-08 16:15:04] U.S. heating costs seen lower this winter than last year: EIA
[2019-10-08 15:50:04] Weak U.S. producer prices support another Fed interest rate cut
[2019-10-08 15:10:04] IMF to postpone planned quota increase due to U.S. resistance:...
[2019-10-08 15:05:05] Core U.S. Producer Prices Fall Most in More Than Four Years
[2019-10-08 15:00:08] Canadian housing starts decline 2.5% in September: CMHC
[2019-10-08 14:55:03] NewsBreak: U.S. Producer Prices Fall the Most in 8 Months in Sept
[2019-10-08 14:50:04] Russia and China to sign agreement on combating illegal online...
[2019-10-08 14:50:04] NewsBreak: U.S. Producer Prices Fall the Most in 8 Months in Sept
[2019-10-08 14:40:04] Exclusive: Saudi central bank vets local lenders ahead of Aramco...
[2019-10-08 14:30:05] White House eyes ways to limit capital flows to China: Bloomberg
[2019-10-08 14:00:12] Ex-U.S. envoy Huntsman urges rethink of Russia sanctions in WSJ...
[2019-10-08 13:50:04] White House Zeroes In on Limit to Chinese Stocks in Pension Fund
[2019-10-08 13:40:04] U.S. Small-Business Optimism Drops to Near Lowest of Trump Era
[2019-10-08 13:25:03] Stocks - U.S. Futures Fall as Tit-for-Tat Trade War Continues
[2019-10-08 13:20:04] Powerhouse U.S. cities home to worst wage inequality
[2019-10-08 12:45:04] Russia to keep U.S. investor Calvey under house arrest until...
[2019-10-08 11:10:03] Italy court orders antitrust to recalculate Enel 93 million euro fine
[2019-10-08 10:00:10] Positive German data, Airbus shares drive tentative gains in European stocks
[2019-10-08 09:50:08] China joins Asian shares in cautious advance ahead of trade talks
[2019-10-08 09:05:04] French trade deficit widened in August compared to July
[2019-10-08 08:25:03] German industrial output rises unexpectedly in August
[2019-10-08 07:00:10] Forex - U.S. Dollar Little Changed as Markets Await Trade Talks...
[2019-10-08 06:30:05] Oil Prices Gain; All Eyes on Sino-U.S. Trade Talks
[2019-10-08 05:20:28] Topix Rebounds on Renewed Expectation for U.S.-China Trade Talks
[2019-10-08 05:10:27] Asian Markets Rise Ahead of High-Level Sino-U.S. Trade Talks
[2019-10-08 04:30:29] Oracle to hire 2,000 workers to expand cloud business to more countries
[2019-10-08 03:15:26] Wall Street falls amid caution on U.S.-China trade dispute
[2019-10-08 03:00:30] Australian business confidence eases further in September -NAB...
[2019-10-08 02:55:33] Asian shares inch up in cautious mood over trade, lira stumbles
[2019-10-08 02:40:29] Dollar steadies as markets hit holding pattern, eyeing U.S.-China...
[2019-10-08 01:25:26] No-deal Brexit likely to push UK budget deficit to £100 billion:...
[2019-10-07 23:55:24] Explainer: Disruptions in the global shipping industry
[2019-10-07 23:20:25] U.S. puts Hikvision, Chinese security bureaus on economic...
[2019-10-07 22:20:24] Exclusive: U.S. names Hikvision, Chinese security bureaus to...
[2019-10-07 21:55:24] Inequality Highest in U.S. Cities With Strong Economies: NY Fed
[2019-10-07 21:50:29] Gold Dips as U.S. Rate-Cut Expectations Slide
[2019-10-07 21:40:24] Gold Dips as U.S. Rate Cut Expectations Slide
[2019-10-07 21:20:24] U.S. Equities Slump as China Trade Meeting Looms
[2019-10-07 21:15:24] U.S. Equities Slump as China Trade Meeting Looms
[2019-10-07 20:15:28] Airbus says booked 303 gross orders between January-September
[2019-10-07 19:35:27] Facebook the focus of U.S. Justice Department and state AGs...
[2019-10-07 19:30:25] U.S. economy clearly entering slowdown: Mexican finance minister
[2019-10-07 17:55:23] GM laying off another 415 workers in Mexico as U.S. strike...
[2019-10-07 17:55:23] GE to freeze, pre-pay pensions to save up to $8 billion, cut debt