US job open­ings fall to the low­est level in 8 months

Daily Freeman (Kingston, NY) - - NATION + WORLD -

U.S. em­ploy­ers posted the fewest jobs in eight months in Au­gust, a sign job gains will likely re­main mod­est in the com­ing months.

The La­bor Depart­ment said Wednes­day that job open­ings dropped nearly 7 per­cent to 5.4 mil­lion, down from 5.8 mil­lion in July. That month’s to­tal had been a record but was re­vised lower.

The data adds to re­cent ev­i­dence that hir­ing may be slow­ing a bit from the ro­bust pace of the pre­vi­ous two years. Yet the econ­omy is still gen­er­at­ing enough jobs to lower the unem­ploy­ment rate over time. And most econ­o­mists have ex­pected job gains to ta­per as the num­ber of un­em­ployed has dwin­dled.

The big­gest de­clines in job open­ings oc­curred in pro­fes­sional and busi­ness ser­vices, which in­cludes ac­coun­tants and en­gi­neers as well as temp work­ers, and man­u­fac­tur­ing.

The num­ber of peo­ple who quit their jobs re­mained mostly un­changed at nearly 3 mil­lion.

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