Economy

Over 1 Million Job Openings Evaporate as Labor Market Tightens, Economy Cools

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Over 1 Million Job Openings Evaporate as Labor Market Tightens, Economy Cools
A "now hiring" sign at a Home Depot store in San Rafael, Calif., on Aug. 5, 2022. Justin Sullivan/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

New government data reveal that the number of job openings in the United States fell by more than 1 million between July and August, a far sharper drop than forecasters expected and a sign of cracks in the labor market.

The Bureau of Labor Statistics (BLS) said in a report on Oct. 4 that the number of job vacancies on the last day of August was just over 10 million.
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Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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