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October 10, 2019

Job openings slip 1.7% in August

WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers.

The Labor Department says employers advertised 7.1 million available jobs in August, down from 7.2 million available jobs in July. Job openings reached a peak of 7.6 million last November but have fallen by about 500,000 since then. This is the third straight month that job openings have dropped, slumping to the lowest level since March 2018.


 
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