PiCK
U.S. August Job Openings Fall to 7.079 Million, Miss Estimates; Consumer Confidence Also Weakens
Minseung Kang
Summary
- U.S. August job openings totaled 7.079 million, below both the market forecast of 7.23 million and the previous month's 7.335 million.
- The decline in job openings may be interpreted as a sign that companies' labor demand is slowing.
- The Conference Board's September consumer confidence index came in at 81.9, below both the forecast of 89.2 and the previous month's 88.6.
Forecast Trend Report by Period
U.S. job openings fell short of market expectations in August.
The Labor Department said on September 29 in its Job Openings and Labor Turnover Survey, or JOLTS, that job openings totaled 7.079 million in August. That was below the market forecast of 7.23 million and down from 7.335 million in the previous month.
The decline in job openings may be interpreted as a sign that companies' demand for labor is slowing.
The Conference Board's U.S. consumer confidence index for September, released at the same time, came in at 81.9. That was below both the market forecast of 89.2 and the previous month's 88.6.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.