U.S. job openings in August showed little growth, indicating stable labor demand
ChainCatcher news, according to Golden Ten Data, job openings in the United States showed little growth in August, indicating relatively stable labor demand. According to data from the U.S. Bureau of Labor Statistics, job openings increased from a revised 7,210,000 in July to 7,230,000. Since peaking at the beginning of 2022, job openings have gradually declined and remained within a relatively narrow range over the past year. Federal Reserve Chairman Powell pointed out signs of weakness in the labor market. Although other officials have expressed similar concerns, many remain cautious about further rate cuts as inflation is still above the central bank's target.
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