Home Economy Job Openings Slip in August Yet Remain Near Record High

Job Openings Slip in August Yet Remain Near Record High

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                Job Openings Slip in August Yet Remain Near Record High

U.S. employers are advertising near-record levels of job openings, though the total slipped in August from July.

The Labor Department says job openings fell 0.9 percent in August to just under 6.1 million, from 6.14 million in the previous month. July's figure was revised slightly lower but is still the largest number of available jobs since records began in December 2000.

Job openings have risen as the number of unemployed has fallen to the lowest in a decade. The unemployment rate, currently 4.2 percent, has hit a 16-year low. That has left businesses struggling to fill open jobs.

Average wage growth has been sluggish, suggesting that companies aren't offering sufficiently healthy pay to entice workers already employed to switch jobs.

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