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Stock impact report

Economic Report: U.S. job openings fall in August to a 1 1/2-year low as hiring and the economy slow [MarketWatch]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: MarketWatch
U.S. job openings fall in August to a 1 1/2-year low as hiring and the economy slow The numbers: The number of job openings nationwide fell in August for the third straight month and hit a one-and-a-half-year low, coinciding with a decline in hiring that’s taken place against the backdrop of a slowing U.S. economy. Job openings slipped to 7.05 million in August from 7.17 million in the prior month. Although the number of jobs openings still easily exceeds the 5.8 million Americans officially classified as unemployed, they’ve declined almost 8% since the start of the year. “If this trend continues, we’ll dip below 7 million soon,” said Nick Bunker, an economist at Indeed Hiring Lab. What happened: Openings fell the most in manufacturing and information services such as media and public relations, the Labor Department said Wednesday . More job openings were available in trade, transportation and construction. The share of people who left jobs on their own, known as the quits rate, s Show less Read more
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