August Job report and July Job Opening and Turnover Survey

August job growth fell slightly short of expectations, coming in at 315,000. After last month's job growth (revised down to 526,000) far exceeding expectations, this month's slower growth can be seen as a good sign for those watching the Fed's moves to stem inflation. While hiring might have slowed, job openings rose to 11.2 million in July. With unemployment rising to 6 million, there are still 1.86 jobs available for every person unemployed.

July Job report and June Job Opening and Turnover Survey

July job growth far exceeded expectations. Job growth was expected to slow in July, falling below the average increase seen over the last several months due to the Fed's aggressive efforts to stem inflation, but this was not the case. Non-farm payroll rose by 528,000. While payroll is increasing, job openings decreased by 10.7 million, according to the June Job opening and Turnover Survey.

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