Job openings and hiring were little changed in August, according to the Labor Department’s monthly Job Openings and Labor Turnover Survey, yet another data point that suggests the economy remains in a “low hiring, low fire” labor market.
The economy had 7.1 million open jobs last month, down slightly from July’s revised 7.3 million, according to the report. The job offer rate fell to 4.3%, compared to 4.4% a month earlier.
Hiring in August remained stable, with 5.2 million workers finding new jobs.
Layoffs also remained stable, with about 1.6 million workers, or 1%, involuntarily losing their jobs last month. The number of workers voluntarily leaving their jobs also remained unchanged at 3.1 million, or 1.9% of the labor force.
A more current look at the labor market will be released Friday, when the Bureau of Labor Statistics releases its monthly payroll report covering the month of September. Economists surveyed by Bloomberg expect a gain of 90,000 jobs.
Claire Boston is a senior reporter for Yahoo Finance, covering housing, mortgages and homeowners insurance.
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