Oddbean

US job openings rise to 8 million as labor market remains sturdy ========== U.S. job openings rose to 8 million in August 2024, up from 7.7 million in July; economists expected no change. Layoffs decreased, but job quits fell to the lowest since August 2020. Job openings peaked at 12.2 million in March 2022. Inflation decreased from 9.1% in June 2022 to 2.5% in August 2024. The Federal Reserve raised interest rates 11 times in 2022 and 2023, but cut the benchmark rate by half a percentage point last month. Hiring averaged 116,000 new jobs per month from June to August 2024; September's report is expected to show 143,000 new jobs and an unemployment rate of 4.2%. #JobOpenings #LaborMarket #Inflation #FederalReserve #Employment #Economy #August2024 #InterestRates #Unemployment #EconomicReport https://abcnews.go.com/Business/wireStory/us-job-openings-rise-8-million-labor-market-114385588