The U.S. labor market lost momentum in August, with fresh data showing fewer job openings, weaker hiring, and rising layoffs—signs of a cooling economy that could weigh heavily on the Federal Reserve's next policy move.
According to Reuters, job openings fell by 176,000 in July to 7.18 million, the lowest level in nearly a year. The decline reflects softer demand for workers as companies scale back amid slowing growth and uncertainty over trade and interest rates.
