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U.S. Job Openings Fell in August
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The number of open jobs in the U.S. economy dropped by 10% and layoffs rose slightly, signs that the labor market is starting to cool.
The Labor Department said Tuesday that job openings fell to a seasonally adjusted 10.1 million in August from 11.2 million in July. Openings dropped the most in health care, retail and other services industries. The quit rate of U.S. workers remained steady at an elevated level, a sign high turnover continued in the jobs market in August.
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