Open job openings in the United States increased in July, with no sign that demand for labor is slowing, which could keep the Federal Reserve on its aggressive path of tightening monetary policy.
Open job openings, a measure of labor demand, rose to 11.239 million on the last day of July, the Labor Department said in its monthly Jolts report on Tuesday.
The June data was revised up to show 11.040 million job openings instead of 10.698 million as previously reported.
Economists polled by Reuters predicted 10.45 million jobs.
The Fed is trying to cool demand for labor and the economy at large to bring inflation down to its 2% target.
Fed Chair Jerome Powell warned last week that Americans are heading into a painful period of sluggish economic growth and possibly rising unemployment as the U.S. central bank aggressively raises interest rates in a bid to balance supply and demand.
The Fed has raised its policy rate by 225 basis points since March.
Source: CNN Brasil
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