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According to the Labour Department they announced on Tuesday that there have been slightly more than 11 million vacant positions in July, which was essentially unchanged from June. The report won't persuade decision-makers that the labor market is considerably cooling off as the Federal Reserve raises interest rates and the economy begins to show indications of contraction. First-time unemployment benefit claims have increased since their lows in the early spring, and businesses say they have postponed some of their hiring plans. But there are still many jobs available, and hiring has been strong thus far. Readmore.: https://industryglobalnews24.com/job-openings-remain-stable-at-11-million-as-consumer-confidence-rises According to the survey, "job vacancies increased in the state and local government education, federal government, arts, entertainment, and leisure, warehousing, transportation and utilities, and arts, entertainment, and recreation fewer jobs were available in the production of durable goods. On Friday the government has planned to release a report on August's jobs statistics. Analysts seemed to increase of about 300,000 following a reading of 528,000 new jobs generated in July, which was more than twice the prediction. According to historical patterns, that would still be a strong amount, and it would likely put the Fed on track to hike rates until it saw inflation reducing significantly from its current 8% annual rate. According to Fed Chairman Jerome Powell, the labour market is out of balance because there is a greater need for workers than there are workers available, and wage pressures are contributing to the greatest inflation in 40 years. Tags : Job, Openings, 11 Million, Consumer Confidence, job vacancies, labour market ,
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