US job postings rise to 6.6m in July, but hirings drop to 5.8mHelp wanted signs for servers and cooks at Nemacolin Woodlands Resort and Spa are displayed along route 40 at the entrance to the resort in Farmington, Pennsylvania on September 2. A year earlier, employers posted 7.2 million job openings. “Overall, this report confirmed a continued but decelerating recovery for the labor market,” Contingent Macro Advisors said in a research note. The uptick was unusual because people are usually reluctant to leave jobs when the job market is weak. The job listing website Indeed reports that job postings in late August were running 20 percent below a year earlier.

Source: The Standard September 10, 2020 01:07 UTC