U.S. job openings fell to a 1-1/2-year low in August and hiring declined, sugges...
WASHINGTON - U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.
A 15-month trade war between the United States and China has hurt business confidence, leading to a retrenchment in business spending and a downturn in manufacturing. The trade war has stoked financial market fears of a recession. Job openings have been trending lower this year since scaling an all-time high of 7.63 million in late 2018. The job openings rate fell to 4.4% in August from 4.5% in July.
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