US job openings fall as demand for workers weakens
WASHINGTON — America’s employers posted fewer job openings in July than they had the previous month, a sign that hiring could cool in the coming months.
Overall, Wednesday’s report painted a mixed picture of the job market. On the positive side, total hiring rose in July, to 5.5 million, after it had fallen to a four-year low of 5.2 million in June. And the number of people who quit their jobs ticked up slightly, to about 3.3 million. The number of quits is seen as a measure of the job market’s health: Workers typically quit when they already have a new job or when they’re confident they can find one.
The July report on job openings is the first of several measures this week of the labor market’s health that the Federal Reserve will be watching closely. If clear evidence emerges that hiring is faltering, the Fed might decide at its next meeting Sept. 17-18 to start cutting its benchmark interest rate by a relatively aggressive half-percentage point. If hiring remains mostly solid, however, a more typical quarter-point rate cut would be likelier.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Indian port workers to go on strike to demand better wagesIndian port workers to go on strike to demand better wages
مزید پڑھ »
NADRA announces jobs for various positions, deadline, application processThe National Database and Registration Authority (NADRA) has announced a variety of job openings for 2024, inviting dynamic
مزید پڑھ »
Filipino nurses and engineers to see more job openings in QatarOn Friday, the Philippine Department of Migrant Workers announced that Filipino nurses, architects, and engineers will have more
مزید پڑھ »
Amazon workers to join Teamsters' strikes against unfair labor practices in USAmazon workers to join Teamsters' strikes against unfair labor practices in US
مزید پڑھ »
Oil prices fall as demand concerns overshadow Libyan export haltIn Libya, oil exports at major ports were halted and production curtailed amid political rift
مزید پڑھ »
Global oil demand needs to rise faster to absorb OPEC+ hikeOil demand growth in the first 7 months of the year from the US and China failed to meet expectation
مزید پڑھ »