Job Openings Plunged By 1.1 Million In August
View Source | October 4, 2022 3:13 pm
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- Job openings in August totaled 10.05 million, a 10% drop from the 11.17 million reported in July and more than a million less than expected.
- The Job Openings and Labor Turnover numbers are watched closely by the Federal Reserve, which is trying to reverse runaway inflation that has been pushed by the tight labor market.
- The job market has been a primary driver of inflation, as the outsized demand for the scarce labor pool has helped drive up wages sharpl
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