U.S. job openings fall below number of job seekers for first time in four years
By
paulpauper
8mo ago· 4 min readenNews
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Summary
The July jobs report showed weak employment gains, leading President Trump to fire the head of the Bureau of Labor Statistics and baselessly claim the data was rigged. New data reveals that for the first time in over four years, there are fewer job openings than job seekers, marking a significant turning point in the labor market. Economist Heather Long describes this as a critical shift, indicating America is in a serious jobs slump.
Key quotes
· 3 pulledEmployment gains were so weak in the July jobs report that President Donald Trump fired the head of the bureau charged with collecting the data, baselessly claiming it was rigged.
For the first time in more than four years, there are fewer open jobs than there are job seekers.
This is a turning point for the labor market.
Employment gains were so weak in the July jobs report that President Donald Trump fired the head of the bureau charged with collecting the data, baselessly claiming it was rigged.
