US Job Openings Climb to Three-Month High, Exceeding Forecasts
- Construction, state and local government led rise in openings
- Rates of hiring, layoffs and quits all edged lower in August
This article is for subscribers only.
US job openings rose in August to a three-month high, a development at odds with other data indicating slowing demand for workers.
Available positions increased to 8.04 million from 7.71 million in July, led by the biggest jump in construction openings since 2009 as well as increases in the state and local government sectors, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.69 million openings.