The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation.
. The government jobs report released Tuesday also showed that layoffs remained historically low, even after a modest increase in August. And overall hiring was essentially unchanged that month.
“Employers are thinking about who they don’t need to hire, but not thinking about who they need to lay off,” said Layla O’Kane, a senior economist at labor analytics firms Lightcast., down a huge 10% from 11.2 million openings in July. In March, job openings hit a record of nearly 11.9 million.because it is a potential sign that the Fed could slow its rapid pace of rate hikes, though most economists said that it would take more than one report to change the Fed's trajectory. The U.S.
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