With Wall Street on edge about Friday’s jobs report for August—the first since July’s shocker, which included a massive downwards revision of jobs growth for May and June—it got another jolt on Wednesday. The JOLTS survey, a closely watched indicator of job openings and quits, confirmed the U.S. economy now has the fewest job openings in nearly a year, a clear …
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US job openings slip in July, adding to evidence that the American labor market is cooling
WASHINGTON (AP) — U.S. employers posted 7.2 million job vacancies in July as the American labor market continues to cool. The Labor Department reported Wednesday that job openings fell from 7.4 million in June and came in modestly below what economists had forecast. Healthcare and social assistance companies cut openings by 181,000 and retailers by 110,000. The Job Openings and …
Read More »AI is gutting the next generation of talent: In tech, job openings for new grads have already been halved
Kenneth Kang, a computer science graduate, spent his first year out of college applying for more than 2,500 jobs. He got 10 interviews. “It was very devastating,” he told Fortune. “Honestly, I thought that having a 3.98 GPA, getting recognition letters, and having an interesting experience in the past, perhaps I could get a full-time job offer easily. But that …
Read More »US job openings fell to 7.4 million last month as job market continues to cool
WASHINGTON (AP) — Employers posted 7.4 million job vacancies last month, a sign that the American job market continues to cool. The Labor Department reported Tuesday that job openings in June were down from 7.7 million in May and were about what forecasters had expected. The Job Openings and Labor Turnover Survey (JOLTS) showed that layoffs were little changed in …
Read More »Job openings decline and hiring tapers off due to trade wars. The good news? Layoffs are still low. – MarketWatch
Job openings decline and hiring tapers off due to trade wars. The good news? Layoffs are still low. MarketWatch Job openings slide in June as hiring rate hits 7-month low Yahoo Finance US job openings fell to 7.4 million last month as job market continues to cool AP News Job openings slide, as expected, in June: JOLTS report Seeking Alpha Why labor market weaknesses …
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