Albuquerque Journal

Aug. job ads slip; still near record

-

WASHINGTON — U.S. employers are advertisin­g near-record levels of job openings, though the total slipped in August from July.

Job openings fell 0.9 percent in August to just under 6.1 million, the Labor Department said Wednesday, from 6.14 million in the previous month. July’s figure

was revised slightly lower but is still the largest number of available jobs since records began in December 2000.

Job openings have risen as the number of unemployed has fallen to the lowest in a decade. The unemployme­nt rate, currently 4.2 percent, has hit a 16-year low. That has left businesses struggling to fill open jobs.

Even so, average wage growth has been sluggish, suggesting that companies aren’t offering sufficient­ly healthy pay to entice workers already employed to switch jobs.

Newspapers in English

Newspapers from United States