Job Openings in U.S. Fell in July to Lowest in Six Months

(Bloomberg) – Job openings in the U.S. fell in July to the lowest level in six months, signaling uneven progress in employment.

The number of positions waiting to be filled declined by 180,000 to 3.69 million, from a revised 3.87 million the prior month that was weaker than initially reported, the Labor Department said today in Washington. Hiring rose and firings cooled.

The report, following data last week showing payrolls grew less than forecast in August, indicates the labor market was struggling to gain momentum at the start of the third quarter. Federal Reserve officials, due to meet Sept. 17-18, are debating whether the economy and job market have improved enough to warrant trimming $85 billion in monthly bond purchases.

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Unemployment rates rise in 90 pct. of US cities as college students, graduates look for work

 

WASHINGTON — Unemployment rates rose in nearly all large U.S. cities in June as college graduates and many of those still in school began searching for jobs.

The Labor Department said Tuesday that unemployment rates rose in 347 large metro areas in June compared with the previous month. They fell in 12 and were unchanged in 13. In May, rates fell in 109 cities and rose in 243.

Unlike the national figures, the metro unemployment data are not adjusted for such seasonal changes. Many of the cities with significant rate increases have large universities where students graduated in June and began looking for work. And many university workers are temporarily unemployed in the summer when the academic year ends.

Nationally, the unemployment rate was 7.6 percent in June, down from 8.2 percent a year ago. Employers added 195,000 jobs last month. That’s close to average monthly gain in the first half of this year of 202,000. Hiring averaged only 180,000 a month in the previous six months.

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Weekly U.S. Jobless Claims Jump 16,000 to 360,000, 2 Month High

WASHINGTON (MarketWatch) — The number of people who applied for unemployment benefits in the first week of July jumped to the highest level in two months, but the increase may reflect temporary changes in summer employment patterns in large industries such as autos and education.

Initial jobless claims rose by 16,000 to a seasonally adjusted 360,000 in the week ended July 6, the Labor Department said Thursday.

Economists polled by MarketWatch had expected claims — a proxy for layoffs — to rise to 349,000 in the week ended July 6 from a slightly revised 344,000 in the prior week.

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