U.S. job openings declined in August for the first time in four months while hiring edged up slightly, giving a mixed picture of labor market dynamics amid the grinding economic recovery from the lows sparked by the CCP (Chinese Communist Party) virus outbreak and associated lockdowns.
Employers in the United States advertised 6.49 million jobs in August, down from 6.7 million in July, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS. This was the first monthly decline in job openings—a measure of labor demand—since April. Vacancies remain below their pre-pandemic level of 7 million.
