U.S. job report shows weakening job market
The post U.S. job report shows weakening job market appeared on BitcoinEthereumNews.com. U.S. jobs data released Wednesday showed a weakening U.S. labor market. The Job Openings and Labor Turnover Survey (JOLTS) report showed 7.18 million job openings in July. The JOLTS report also came in lower than the expected 7.38 million and lower than the previous report of 7.36 million in June. The BLS jobs data reached the highest level since July 2021, roughly 3.8% higher since October 2021. 2025 sees a slower U.S. job market The US labor market is weakening: The number of Americans not in the labor force who currently want a job is up to 6.2 million, the highest since July 2021. These are people who are not officially part of the labor force, meaning they are not actively looking for work, but say… pic.twitter.com/aqEqaiksJ1 — The Kobeissi Letter (@KobeissiLetter) September 3, 2025 The Bureau of Labor Statistics revealed that healthcare and social assistance companies cut job openings by 181,000 and retailers by 110,000. Arts, entertainment, and recreation firms also cut jobs by 62,000, while the logging industry cut jobs by 13,000. The data also suggests that layoffs in the U.S. rose slightly. According to the report, the number of U.S. citizens quitting their jobs remained unchanged from June at 3.2 million. Job openings have remained healthy despite a lower report, having dropped from their highest level of 12.1 million in March 2022. Job openings were at their peak in the wake of the U.S. economy roaring back from COVID-19 lockdowns. The year 2025 has seen a slower U.S. job market amid the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023. The job market has also lost momentum this year because of President Donald Trump’s heightened trade wars, which have caused uncertainty in the market and led…
The post U.S. job report shows weakening job market appeared on BitcoinEthereumNews.com.
U.S. jobs data released Wednesday showed a weakening U.S. labor market. The Job Openings and Labor Turnover Survey (JOLTS) report showed 7.18 million job openings in July. The JOLTS report also came in lower than the expected 7.38 million and lower than the previous report of 7.36 million in June. The BLS jobs data reached the highest level since July 2021, roughly 3.8% higher since October 2021. 2025 sees a slower U.S. job market The US labor market is weakening: The number of Americans not in the labor force who currently want a job is up to 6.2 million, the highest since July 2021. These are people who are not officially part of the labor force, meaning they are not actively looking for work, but say… pic.twitter.com/aqEqaiksJ1 — The Kobeissi Letter (@KobeissiLetter) September 3, 2025 The Bureau of Labor Statistics revealed that healthcare and social assistance companies cut job openings by 181,000 and retailers by 110,000. Arts, entertainment, and recreation firms also cut jobs by 62,000, while the logging industry cut jobs by 13,000. The data also suggests that layoffs in the U.S. rose slightly. According to the report, the number of U.S. citizens quitting their jobs remained unchanged from June at 3.2 million. Job openings have remained healthy despite a lower report, having dropped from their highest level of 12.1 million in March 2022. Job openings were at their peak in the wake of the U.S. economy roaring back from COVID-19 lockdowns. The year 2025 has seen a slower U.S. job market amid the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023. The job market has also lost momentum this year because of President Donald Trump’s heightened trade wars, which have caused uncertainty in the market and led…
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