US job openings sink as economy slows, cost to borrow rises

The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. There were 10.1 million advertised jobs on the last day of August, the government said Tuesday, Sept. 4, 2022, down a huge 10% from 11.2 million openings in July. In March, job openings had hit a record of nearly 11.9 million. (Nam Y. Huh/AP)

The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. There were 10.1 million advertised jobs on the last day of August, the government said Tuesday, Sept. 4, 2022, down a huge 10% from 11.2 million openings in July. In March, job openings had hit a record of nearly 11.9 million. (Nam Y. Huh/AP)

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