Washington: US employers posted fewer job openings in August, but the American labour market remains resilient in the face of higher energy costs caused by the fighting with Iran.
US job openings slid to 7.08 million from a revised 7.34 million in July, the Labour Department reported Tuesday. Openings came in below the 7.2 million that forecasters had expected.
The department's Job Openings and Labour Turnover Survey (JOLTS) also showed that layoffs fell and the number of people quitting their jobs - a sign of confidence in their prospects - was little changed in August.
Read more: US hiring appetite is healthy as economy powers ahead
The US job market is sturdy, though unspectacular, despite an energy shock from the Iran war. Hiring has rebounded from a miserable 2025. Employers - businesses, nonprofits and government agencies - have added an average 80,000 jobs a month so far this year. That is an improvement on the 9,700-a-month average last year when high interest rates and uncertainty about President Donald Trump's trade policies discouraged businesses from hiring.
When the Labour Department releases its next jobs report on Friday, it is expected to show that the United States added 95,000 jobs in September, solid but down from a surprising 162,000 in August. The unemployment rate likely stayed a low 4.1 per cent as most American workers enjoy an unusual degree of job security, according to a survey of forecasters by the data firm FactSet.
Read more: Indian executives are gaining clout in US corporate boardrooms
Employers may not be laying workers off, but they aren't hiring nearly as many as they did a few years ago. Hiring remains well below the 166,000 monthly jobs created, on average, in 2023 and 2024, and the 491,000 a month recorded during the 2021-2022 hiring boom that followed COVID-19 lockdowns.
