US job vacancies rose to a three-month high, surpassing economists' expectations

Jinshi data, October 1st news, the number of job vacancies in the United States rose to a three-month high in August, a trend that is at odds with other data indicating a slowdown in labor demand. The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that the number of job vacancies increased from a revised 7.71 million in July to 8.04 million. The hiring rate fell to 3.3%, matching the lowest level since 2013, excluding the early data of the 2020 epidemic. The unemployment rate also fell to 1%. Despite the increase in job vacancies, other recent data indicates a slowdown in employer recruitment.