U.S. Labor Department Reports Job Openings Declined in August

In its monthly Job Opening and Labor Turnover Survey (JOLTS) for August, the Labor Department reported that job openings, fell by 204,000 to 6.49 million on the last day of August. The first decline in four months. However, vacancies remain below their level of 7 million in February. The job opening rate has declined to 4.4% from July’s reading of 4.6%. The number of people voluntarily quitting their jobs fell by 139,000 to 2.79 million.