WASHINGTON, Oct 4 — US job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, pointing to a...
The JOLTS report showed layoffs dipping 1,000 to 1.680 million, keeping the layoffs rate at 1.1 per cent. Layoffs and discharges decreased in state and local government, excluding education, but rose in state and local government education. — Reuters picWednesday, 04 Oct 2023 7:24 AM MYT
Nevertheless, the labour market continues to steadily move toward an environment where demand is in balance with supply. There were 1.51 job openings for every unemployed person in August, marginally down from 1.53 in July. Job openings, a measure of labour demand, were up 690,000 to 9.610 million on the last day of August. That was the most in just over two years. Data for July was revised higher to show 8.920 million job openings instead of the previously reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August.
Vacancies increased by 96,000 in the finance and insurance sector. State and local government education had 76,000 more openings. Unfilled positions increased by 59,000 in the nondurable goods manufacturing industry, and the federal government had an additional 31,000 openings.
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