U.S. Job Openings Decline for Second Straight Month

FILE PHOTO: Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/Mike Segar
FILE PHOTO: Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/Mike Segar

U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists’ views that job growth has peaked.

Job openings, a measure of labor demand, slipped by 31,000 to a seasonally adjusted 7.2 million in July, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday.

Job openings have been little changed this year since scaling an all-time high of 7.6 million in late 2018. The job openings rate fell to 4.5% from 4.6% in June.

Hiring increased by 237,000 jobs to 6.0 million in July. The hiring rate rose to 3.9% from 3.8% in June.

Nonfarm payrolls increased by 130,000 jobs in August, down from 159,000 in July, the government reported last Friday.

Job growth has averaged 158,000 per month this year, still above the roughly 100,000 per month needed to keep up with growth in the working age population. The unemployment rate was unchanged at 3.7% for a third straight month in August.

(Reporting by Lucia Mutikani; Editing by Edmund Blair)

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James
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Put the blame on Trump and his asinine policies to put people back to work and grow the economy. Why can’t we have #44 back to where nobody worked, nobody wanted to work, people were losing their homes and cars, the economy was in the toilet and we were standing in line for all his free stuff like good little lockstepping Commies? /sarc/

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