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 >
quit rate
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 >
Manufacturing slowed in January as labor market remained tight
Manufacturing slowed in January as demand moderated from a recent high in November, according to a report from the Institute for Supply Management on Tuesday. The top-line purchasing managers’ index fell to 57.6 on the month from 58.8 previously—the lowest since November 2020. Still, one should not ... 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 >
Strong labor demand pushed quit rate to a record
Demand for labor showed little change in September as job openings stayed at 10.4 million and the rate of people quitting their jobs reached an all-time high at 3.0%, according to new data on Friday from the Bureau of Labor Statistics. The imbalance of the labor market, where demand for labor ... READ MORE >
Job openings eased as quits hit a record
Demand for labor remained strong as job openings ebbed to 10.4 million in August following a record in July, which was revised upwardly to 11.1 million, according to Labor Department data released on Tuesday. Job hires declined in back-to-back months, to 6.3 million from the recent high of 6.8 million ... READ MORE >