US job openings unexpectedly rise in August
Add BT as a preferred source
US JOB openings unexpectedly increased in August, pointing to tight labour market conditions that could compel the Federal Reserve to raise interest rates next month.
Job openings, a measure of labour demand, jumped 690,000 to 9.610 million on the last day of August, the Labor Department said in its monthly Job Openings and Labour Turnover Survey, or JOLTS report, on Tuesday (Oct 3).
Data for July was revised higher to show 8.920 million job openings instead of the previously reported 8.827 million. Economists polled by Reuters had forecast 8.8 million job openings in August. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
True Fitness, True Yoga close all outlets; liquidators start winding-up process
‘A bank should ask questions’: Five DBS accounts linked to Jho Low associate in 1MDB case
Ng family’s Far East group sells Watten Estate property for S$84.2 million to Aurum Land
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
