WASHINGTON: US job openings unexpectedly elevated in August, pointing to tight labor market circumstances that might compel the Federal Reserve to boost rates of interest subsequent month.
Job openings, a measure of labor demand, jumped 690,000 to 9.610 million on the final day of August, the Labor Department mentioned in its month-to-month Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Data for July was revised increased to indicate 8.920 million job openings as an alternative of the beforehand reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August.
Job openings, a measure of labor demand, jumped 690,000 to 9.610 million on the final day of August, the Labor Department mentioned in its month-to-month Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Data for July was revised increased to indicate 8.920 million job openings as an alternative of the beforehand reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August.
