Jobs
US Job Openings Drop to 10.1 Million, Lowest Since June 2021
- Vacancies declined by 1.1 million in August, most since 2020
- There are some 1.7 openings per unemployed worker, down from 2
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US job openings plummeted in August by the most since early in the pandemic, likely a welcome sign for Federal Reserve officials as they seek to cool demand for workers without triggering a spike in unemployment.
The number of available positions decreased to about 10.1 million in the month from 11.2 million in July, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The August level was lower than all estimates in a Bloomberg survey of economists.