Job openings fell in October to 10.3 million, continuing to signal moderation in labor demand amid the Federal Reserve's aggressive rate hike campaign. Since its peak in March, when the Fed began increasing rates, the number of job vacancies has dropped by almost 13% as the impact of the tightening has ... READ MORE >
JOLTS
Job openings and manufacturing production grow more than expected
Job openings came in hotter than expected in September, suggesting that the imbalance in the labor market will take longer to resolve than originally anticipated. There were 1.9 job vacancies for each unemployed worker, near a record high, according to data from the Labor Department released ... READ MORE >
Job openings fall as rate hikes take effect
In a sign that the chronically tight labor market may be easing, job openings plunged in August amid a slowdown in overall demand. That decline should come as an encouraging sign for the Federal Reserve, which has been targeting excess labor demand with aggressive interest rate hikes as it tries to ... READ MORE >
Job openings drop in June amid Fed’s attempt to control inflation
Job openings in the United States fell for the third straight month in June as the labor market started to loosen up, the Bureau of Labor Statistics reported on Tuesday. Job openings—which represent labor demand—have been the main target of the Federal Reserve to lessen the second-round impact on ... READ MORE >
Job openings show signs of a slowdown
Job openings declined for the second straight month in May as the Federal Reserve's rate hikes slowed down overall demand. Still, the level of job vacancies—a proxy for labor demand—remained near a record high, which, in our view, was a sign of an overheated labor market If anything, the job openings ... READ MORE >
Chart of the day: Job openings remain near record high
U.S. job openings fell by 3.8% to 11.4 million in April amid economic moderation and monetary policy tightening, according to Bureau of Labor Statistics data released on Wednesday. Still, job openings remained near a record high, which puts more pressure on wages and inflation, and adds to the ... READ MORE >
Robust job openings data might accelerate Fed’s rate hikes
U.S. job openings in February came in blazing hot again at 11.3 million, which translated to 1.8 jobs available per unemployed worker, the Bureau of Labor Statistics reported on Tuesday. The new data will add more pressure on the Federal Reserve to raise interest rates and cool the economy, and ... READ MORE >
Chart of the day: Job openings surpass 11 million in back-to-back months
The scramble by employers to find workers continued amid a historically tight labor market in January, as employers reported 11.3 million job openings for the month, according to government data released on Wednesday. That would have been the highest on record, except that December's figure was revised ... READ MORE >
Labor market tightened in November despite decline in job openings
Demand for labor declined slightly in November while the rate of people quitting their jobs returned to an all-time high, according to data released by the Bureau of Labor Statistics on Tuesday. Despite the decrease of about 529,000 job openings—a proxy for labor demand—the total number of vacancies ... READ MORE >
Chart of the day: Job openings rise to second highest on record as quit rate slowed
The demand for labor stayed strong in October as concerns over the delta variant faded and the economy continued to bounce back from the pandemic. Job openings, a proxy for labor demand, reached 11.03 million, exceeding 11 million for the second time on record, slightly lower than the all-time high set ... READ MORE >