US Job Openings

U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday. Employers also hired more workers in January. But layoffs rose. For 20 straight months, employers have posted at least 10 million openings a level never reached before 2021 in Labor Department data going back to 2000. The number of openings in January exceeded what economists had forecast and translates to about two vacancies for every unemployed American. Still, there some signs the job market is cooling in the Labor Department's monthly Job Openings and Labor Turnover Summary report. Amid high-profile job cuts at many big tech companies such as Google and Amazon, overall layoffs rose in January to 1.7 million, highest since December 2020. And the number of Americans quitting thei

US job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in September, the Labour Department said on Wednesday. Even with the drop, openings were slightly lower in August, when they dipped below 10.3 million before rebounding the following month. The number of people quitting their jobs also slipped in October, to 4 million from 4.1 million. The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market. The Fed is seeking to pull off a delicate task by slowing hiring and the broader economy to cool inflation, but not so much as to cause a recession. While more job openings are a benefit for those seeking work, Fed officials would like to see the number of openings fall. That's because fewer openings

US job openings rose unexpectedly in September, suggesting that the American labour market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.7 million job vacancies in September, up from 10.3 million in August, the Labour Department said on Tuesday. Economists had expected the number of job openings to drop below 10 million for the first time since June 2021. For the past two years, as the economy rebounded from 2020's COVID-19 recession, employers have complained they can't find enough workers. With so many jobs available, workers can afford to resign and seek employment that pays more or offers better perks or flexibility. So companies have been forced to raise wages to attract and keep staff. Higher pay has contributed to inflation that has hit 40-year highs in 2022. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. But the num

The number of available jobs in the US plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. There were 10.1 million advertised jobs on the last day of August, the government said on Tuesday, down a huge 10 per cent from 11.2 million openings in July. In March, job openings had hit a record of nearly 11.9 million. Layoffs ticked up in August but remained at a historically low level. And slightly more people quit their jobs. The sharp drop in job openings will be welcomed by the Federal Reserve. Fed officials have cited the high level of openings as a sign of strong labour demand that has compelled employers to steadily raise pay to attract and keep workers. Smaller pay raises, if sustained, should ease inflationary pressures. In their effort to combat the worst inflation in 40 years, the central bank has raised its key short-term interest rate to a range of 3 per cent to 3.25 per cent, up sh

Best Buy sales beat estimates as discounts spur demand; Jobs openings in July rises sharply

US businesses posted a near-record level of open jobs in January, a trend that has pushed up worker's pay and added to inflationary pressures in the U.S.

Hiring dropped to 5.54 million from 5.94 million in November

U.S. job openings fell in November, while layoffs mounted at restaurants and hotels amid rampant COVID-19 infections, supporting views that the labor market recovery from the pandemic was stalling.

The United States is setting daily records for coronavirus cases, which could force state and local governments to impose new restrictions on businesses like restaurants, bars and gyms

The monthly increase was largest in just over a year and pushed jobs openings rate to 4.0 percent