US Job Openings Decreased in August

October 12, 2016 Share Print 0

Monthly job openings decreased in August to 5.4 million, the Bureau of Labor Statistics said on Wednesday.

That’s a rate of 3.6 percent, according to the Job Openings and Labor Turnover Summary (JOLTS). Economist expected monthly job openings in August to be 5.72 million, according to estimates by Reuters, down from 5.87 million last month.

The professional and business services industry led the largest decrease at 223,000. Hires and separations changed little at 5.2 million and 5 million, respectively, the department said.

The report from the Labor Department — often closely watched by Fed chair Janet Yellen — is a key barometer of economic conditions, measuring job postings in different sectors, and the number of hires and layoffs.

The quits rate was 2.1 percent and the layoffs and discharges rate was 1.1 percent.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.