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Friday, March 29, 2024
HomeNewsEconomyJOLTS: Job Openings Remain Higher than Expected for August, July Revised Higher

JOLTS: Job Openings Remain Higher than Expected for August, July Revised Higher

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

Washington, D.C. (PPD) — The number of job openings remained higher than expected in August, falling slightly to 6.5 million from an upwardly revised 6.7 million, the U.S. Bureau of Labor Statistics (BLS) reported. While hires rose to 5.9 million in August after a historically high level around 7.0 million over the last two months, total separations fell to 4.5 million.

Forecasts for job openings ranged from a low of 6.0 million to a high of 6.8 million. The consensus forecast was 6.25 million.

This article is being updated shortly.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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