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US job openings rise slightly to 7.3 million as labor market remains sturdy despite higher costs
Hiring fell and layoffs eased, leaving the labor market steady as manufacturing vacancies jumped by 79,000, the Labor Department said.
- On Tuesday, the Labor Department reported job openings rose to 7.27 million in July, up from a revised 7.18 million in June.
- Data from the Job Openings and Labor Turnover Survey indicated that layoffs fell, while the number of people quitting their jobs also declined.
- Forecasters surveyed by FactSet expect Friday's report to show employers added 65,000 jobs last month, with the unemployment rate ticking up to 4.2%.
- So far this year, employers added an average of 61,000 net jobs monthly, while the unemployment rate remains at a low 4.1%.
- The American job market continues to amble along despite an energy shock caused by fighting with Iran that has squeezed household budgets.
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U.S. Job Openings Rise to 7.27 Million as Manufacturing Drives July Gains
U.S. job openings increased to 7.27 million in July, led by durable goods manufacturing, while hiring remained subdued, layoffs stayed low and worker quits fell ... The post U.S. Job Openings Rise to 7.27 Million as Manufacturing Drives July Gains first appeared on [your]NEWS.
(New York = Yonhap News) Correspondent Kim Yeon-sook = The number of job openings, which reflects demand trends in the U.S. labor market, increased slightly and continued to show stability.
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Coverage Details
Total News Sources51
Leaning Left15Leaning Right6Center14Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 40%
R 17%
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