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Continuing jobless claims rose to 1.88 million for the week that ended July 20, per Labor Department data.
The number adds to other labor market data, signaling labor market softening.
Recruitment professionals and victims of ‘ghost posting’ say the practice hurts everyone, including the companies that create them.
In January, more than half of U.S. job postings on Indeed didn’t come with any education requirements at all.
December saw a three-month high in US job openings, but a decline in worker resignations indicates reduced confidence in job-seeking.
Hiring plans are robust, but capital investment efforts fell.
The latest government data shows that the number of job openings has fallen to its lowest level since March 2021 as the Fed’s rate hikes dent the labor market.
U.S. workers on average demand about an $80,000 annual salary before they will accept a new job offer, says the New York Fed.
The number of job openings in the United States has dropped to a two-year low while America’s manufacturing sector extended its decline, delivering a fresh sign that recessionary winds are cooling the labor market.
