Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

BIDEN ECONOMY: August Job Openings Post Biggest Drop Since COVID Shutdowns in April 2020

Added 10-04-22 12:41:01pm EST - “Job openings in the US declined to the lowest level since the COVID shutdowns in April of 2020.? This is Biden's economic disaster.? Markets Today reported on the reduction in job openings and said this might be good news for investors…” - Thegatewaypundit.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Thegatewaypundit.com: “BIDEN ECONOMY: August Job Openings Post Biggest Drop Since COVID Shutdowns in April 2020”. Below is an excerpt from the article.

Job openings in August unexpectedly plunged to the lowest level in more than a year, marking what could be a long-awaited sign that the red-hot labor market is finally starting to cool as a result of the Federal Reserve’s interest rate hikes—a welcome development for investors but a concerning sign for the millions of unemployed Americans.

There were 10.1 million open jobs at the end of August—plunging by 1.1 million from one month earlier for the biggest one-month drop since April 2020 and falling well short of projections calling for nearly 11.1 million openings, according to the Labor Department’s job openings and labor turnover report released on Tuesday.

TRENDING: In Riveting Interview: J-6 Victim Victoria White Describes Unbelievable Bare-Fisted Beating by DC Police on Jan 6th and the Nightmare that Followed -- MUST SEE VIDEO

The largest decreases were among the health care, services and retail industries, with openings falling by 236,000, 183,000 and 143,000, respectively, as the number of hires remained little changed at 6.3 million.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE