BLS Report: July job openings and hires change little; total separations increase

[progree]

1. A couple media reports

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America has the fewest jobs available since January 2021, CNN, 9/4/24

The number of available jobs in the US continued to shrink in July, an indication that demand for workers continues to wane amid a cooling labor market.

Job openings fell in July for the second consecutive month to an estimated 7.67 million, from 7.91 million in June, according to new data released Wednesday by the Bureau of Labor Statistics.

That’s the lowest number of openings since January 2021. Economists were expecting that the July postings would total 8.1 million, according to FactSet consensus estimates.

This story is developing and will be updated.

US job openings fall as demand for workers weakens, ABC, 9/4/24

(blah de blah -p) The pace of hiring picked up, though, from June to July.

. . . Yet there are still roughly 1.1 job openings for every unemployed person

. . . On Friday, the week’s highest-profile economic report — the monthly jobs data — will be released. The consensus estimate of economists is that employers added 163,000 jobs in August and that the unemployment rate ticked down from 4.3% to 4.2%.