The report from the gov’t says “Job openings” and not the better description of “Job losses”......!
BTW when did that term change?
"US-based employers announced that 75,151 jobs were cut in August of 2023, the most in three months, and rebounding 217% from the 11-month low of 23,697 cuts in the previous month, according to a report by Challenger, Gray & Christmas, Inc. The result pointed to another period of softening in the US labor market, suggesting that the Federal Reserve’s aggressive interest rate hikes are being transmitted at a greater extent in the middle of the third quarter. “Job openings are falling, and American workers are more reluctant to leave their positions right now. The job market is resetting after the pandemic and post-pandemic hiring frenzy,” said Andrew Challenger, senior vice president of the employment firm. It was estimated that around 30,000 of the job cuts were due to trucking giant Yellow Corp’s bankruptcy filing in the period. Other sectors with heightened layoffs included healthcare (7,688), retail (6,262), and telecommunications (5,273). So far this year, 557,057 jobs were cut.
This is the little tid-bits of information that the media, for the most part, fails to report.