Oct 10, 2019 - Economy
U.S. job openings and hiring both slowed in August
Add Axios as your preferred source to
see more of our stories on Google.
The U.S. job market remains strong, with more job openings than unemployed people seeking a job, but companies are starting to put some hiring plans on hold.
The big picture: The U.S. had 7.05 million job openings at the end of August, the Labor Department reported on Wednesday, but after torrid increases over the past 2 years, the number of jobs businesses have to offer is beginning to turn lower, but not because firms are filling the positions.
- The Labor Department's job openings and labor turnover survey, or JOLTs, showed the number of job openings was 4.4% lower than it was a year earlier, falling for the third straight month.
- The total number of workers hired to new jobs also was lower in August than in the same month in 2018.
