U.S. Job Openings Hold Steady at 8 Million in August
Stability in Labor Market Despite Yearly Decline in Openings
By News Desk
Published - Oct 01, 2024, 02:14 PM ET
The U.S. job market was stable in August 2024 with the job openings remaining steady at 8 million on the last business day, as reported by the U.S. Bureau of Labor Statistics. The number of hires and total separations, including quits and layoffs, also showed minimal change, reflecting a consistent labor environment.
Industry and Sectoral Insights
The job openings rate stood unchanged at 4.8 percent over the month. Notably, the construction sector and state and local government (excluding education) saw job openings increase, adding 138,000 and 78,000, respectively. However, a decrease was observed in other services, which shed 93,000 job opportunities.
