Market Updates
U.S. Job Openings Increased, Quits Dropped In August
Brian Turner
01 Oct, 2024
Washington, D.C.
The number of job openings increased 329,000 to 8.04 million in August from an upwardly revised 7.71 million in July, the U.S. Bureau of Labor Statistics reported Tuesday.
The number of job openings increased in construction by 138,000, in state and local government excluding education by 78,000, and in accommodation and food services by 88,000.
However, job openings declined in finance insurance by 41,000 and in other services by 93,000.
In August, the total number of hires and total separations changed little, at 5.3 million and 5.0 million, respectively.
Within separations, the number of quits trended down to 3.1 million, the lowest since August 2020, indicating workers are holding on to jobs as it gets harder to find a new job.
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