Moderate US job openings, weak hiring underscore labor market stagnation

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In August, the start of US jobs increased marginally, while hiring services declined, which is in line with the labor market’s extraordinary conditions, which could reduce interest rates again next month, despite consumers’ flexible costs.

Domestors are also frustrated about the labor market. A survey of the conference board on Tuesday revealed that in the early 2021, this month, “too much” jobs came to see shares of consumers watching jobs. In July, in August, there were 0.98 jobs for every unemployed person in August.

Workers’ demand in the worker’s market has been subjected to almost SA -stopping in the midst of a slowdown, with economists accusing the import of artificial intelligence as well as the uncertainty created from the uncertainty created by the uncertainty. The immigration crackdown has also reduced the supply of labor, which Fed Chair Jerome Powell described as a “curious balance”.

“The labor market is slow but it is not getting sick,” said Samuel Tambus, chief US economist, Panthenon Macro Economics.

The Labor Bureau of Labor Bureau of Labor Statistics said in the start of its job and the Labor Turnover Survey, or the Jollis reports that the start of employment, a measure of labor demand, increased from 19,000 to $ 7.227 million on the last day of August. Reuters voting economists predicted 7.185 million unprecedented jobs.

When the government’s financing is likely to end on Tuesday night, this report may be the last key economic figures for a while. The Labor and Commerce departments said Monday that all the data, including the September job report on Friday, will be suspended.

The construction sector has decreased by 115,000 at the start of employment, but it was partially offered in the housing and food services industry without any 106,000 increase.

Except for education, there were more vacancies in the state and local government, along with retailers. But the federal government’s job fell by 61,000 among the expenses. The opening rate of the job was not changed at 4.3 %.

Focusing on the services, transportation and utility industry, hiring services in August remained 114,000 to 5.126 million. Housing and food services have also declined, possibly resulting from immigration raids, which has led to deportation and frightened workers have been kept at home.

Employer workers are holding

The rental rate has dropped from 3.3 % to 3.2 %. Employers maintained their workers, the holidays were reduced from 62,000 to 1.725 million. There were low -leaves in the industry of trade, transport and utility. For the third straight month, the rate was not changed to 1.1 %.

However, gaining weak services means that those who lose their jobs will have difficult times to find new opportunities. The conference board survey shows that consumers have decreased by 26.9 % this month to look at jobs, which is the lowest level since February 2021, which was 30.2 % in August. There has been no change in the proportion of getting jobs, which has to get “difficult”.

The so-called labor market difference, which is derived from respondents’ ideas data, whether jobs are too high or difficult, which are less than 11.1 to 4-1/2 years last month. The move is linked to the unemployment rate in the Labor Department’s Monthly Employment Report.

Economists said that it was suggested that the unemployment rate could increase further after climbing in August. The US Central Bank resumed the softening policy this month, which reduced the Labor Market to reduce the interest rate by 25 points overnight.

On the same period last year, only 29,000 jobs have an average of 29,000 jobs each month in August, compared to 82,000. But a fleet of quite strong reports, including the second quarter’s total domestic products and the costs of August users, raised questions about whether a further reduction in the rate was guaranteed this year.

Economists expect the feed labor market to emphasize more, though the government’s closure will leave policy makers without key data before the October 28-29 meeting.

“Fed has prejudice until the labor market shows signs of improvement, but the deployment of monetary policy in the central bank may be thickened, because the partial federal government’s closure is delayed,” said Ryan Sweet, the chief of the Oxford Economics.

Workers remain in their jobs, with the resignation in the third month, with the lowest level of nine months.

A gauge of labor market confidence, the rate of Quets, fell to the lowest level of eight months, which won 2.0 % for three consecutive months. It also suggested gradual growth in wages, which could reduce consumer costs, the engine of the economy.

In fact, a conference board survey shows that customers are less inclined to purchase large tickets such as big tickets such as motor vehicles and refrigerators and washing machines over the next six months. There was little plan to spend on travel services. Overall, consumers’ confidence came to the lowest level in five months.

“Consumer confidence is a factor in determining consumer costs, but this is not a dominant factor,” said Carl Veneberg, chief economist, chief economist. “Smarters spend less than confident consumers.”