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US Job Openings Rise Slightly In September, Hiring Slips

US Job Openings Rise Slightly In September, Hiring Slips

American employers advertised slightly more jobs in September but hired fewer people as the U.S. economy struggles to recover from spring's coronavirus collapse.

WASHINGTON: American employers advertised slightly more jobs in September but hired fewer people as the U.S. economy struggles to recover from spring’s coronavirus collapse.

Job postings rose to to 6.44 million in September, up from 6.35 million in August, the Labor Department said Tuesday. Employers hired 5.87 million workers, down from 5.95 million in September.

The U.S. labor market has rebounded gradually from last spring economic shutdown. The Labor Department reported Friday that employers added 638,000 jobs last month and that the unemployment rate dropped sharply to 6.9%, from 7.9% in September.

But the economy is still 10 million jobs short of what it had in February before the outbreak slammed the economy, forcing businesses to close at least temporarily. Americans, and their wallets, largely remained homebound in large swaths of the country.

A resurgence in coroanvirus cases as cold weather approaches could stall the recovery, as could Congress’ failure to pass another aid package on top of a $2 trillion rescue package in March.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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