© Reuters. A sign hanging on a window bearing a job advertisement in the state of Virginia in the United States on April 7, 2023. Photograph: Elizabeth Frantz – Reuters.
WASHINGTON (Reuters) – Job opportunities in the United States increased unexpectedly in August, which may prompt the Federal Reserve (the US central bank) to raise interest rates next month.
The Labor Department said in its monthly survey of job opportunities and labor turnover on Tuesday that job openings, a measure of labor demand, jumped 690,000 to 9.610 million on the last day of August.
July data was revised upward to show the presence of 8.920 million job opportunities instead of 8.827 million in the previous reading.
Economists polled by Reuters had expected 8.800 million job opportunities in August.
(Prepared by Mahitab Sabry for the Arabic Bulletin – Edited by Ali Khafaji)
2023-10-03 16:37:00
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