Skip to Content

More evidence that the US job market remains hot after US job openings rise unexpectedly in August

AP Economics Writer

WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong desite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. The Labor Department said Tuesday that American employers posted 9.6 million job openings in August, up from 8.9 million in July. Economists had expected 8.9 million vacancies in August. The number of layoffs and of people quitting their jobs — a sign of confidence in their prospects — were both essentially unchanged from July. The inflation fighters at the Federal Reserve want to see the red-hot U.S. job market cool off, reducing pressure on businesses to raise pay.,

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content