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US Job Openings Fall to 7.18 Million as Private Hiring Slows, Increasing Odds of a Fed Cut
U.S. job openings fell to 7.18 million in July, the lowest since September 2024, as hiring slowed and layoffs rose slightly amid economic uncertainty, the Labor Department reported.
- U.S. employers posted 7.2 million job vacancies in July, reflecting a cooling labor market, according to the Labor Department.
- Job openings fell from 7.4 million in June, coming in below economists' forecasts, according to the Job Openings and Labor Turnover Survey.
- Layoffs remain below pre-pandemic levels, but are rising slightly, indicating uncertainty from interest rate hikes and trade wars.
- The U.S. economy has been generating 85,000 jobs per month this year, down from an average of 400,000 during the hiring boom of 2021-2023, which contributes to hiring uncertainties.
155 Articles
155 Articles
US companies laid off 85,980 employees in August, job openings at a year-low
US companies laid off 85,980 employees in August, marking the highest monthly total since 2020. Job openings also fell to a year-low, signalling a cooling labour market amid economic uncertainty.
The AEX is trading almost 1 percent higher mid-afternoon, with chipmakers like ASML, ASMI, and Besi surging after the tech rally on Wall Street. KPN stands out with a gain of almost 4 percent. Meanwhile, investors are paying attention to Trump's trade tariffs and the US labor market data. According to payroll processor ADP, only 54,000 private sector jobs were added in August, significantly fewer than expected, increasing the focus on Friday's o…
ADP says just 54,000 private jobs created in August. Businesses still hesitant to hire.
Privately run businesses created just 54,000 jobs in August, ADP said, extending a string of poor employment reports that have raised alarms about the labor market and are likely to spur the Federal Reserve to cut interest rates soon.
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