The US manufacturing sector contracted for the sixth consecutive month in September, while job openings remained steady in August. The ISM Manufacturing PMI held at 47.2%, reflecting continued weakness in demand and production. Job openings remained at 8 million, with hiring and separations showing little change. Markets are now awaiting key employment data releases later this week.
The number of job openings in the US fell in July, raising concerns about the health of the labor market and the broader economy. This follows recent revisions that downgraded job gains over the past year, adding to the uncertainty surrounding the economic outlook.
Job openings in the United States fell sharply in July, reaching their lowest level in over three years, indicating a cooling labor market. This decline, particularly in sectors like healthcare and government, suggests a potential slowdown in employment growth and raises concerns about the Federal Reserve’s future rate decisions.
The number of job openings in the US decreased slightly in June, indicating a cooling labor market as the Federal Reserve continues to raise interest rates to combat inflation. While job openings remain high, the decline suggests a potential shift in the labor market dynamics.
