The number of available jobs since May 2021 continues to outnumber Americans looking for work.
Job openings rose by 690,000 to 9.6 million in August, far above consensus of 8.8 million.
Job openings increased in professional and business services (+509,000), finance and insurance (+96,000), state and local government education (+76,000), nondurable goods manufacturing (+59,000), and federal government (+31,000)
The U.S. added 187,000 jobs in August and there were 6.4 million people unemployed, up from 5.8 million in July.
In August, the number of hires changed little at 5.9 million and the rate was unchanged at 3.7%. The number of hires changed little in all industries.
Within separations, quits (3.6 million) and layoffs and discharges (1.7 million) changed little.
The number of quits increased in accommodation and food services (+88,000), finance and insurance (+28,000), state and local government, excluding education (+21,000); and arts, entertainment, and recreation (+18,000).
The number of quits decreased in information (-30,000).
The number of layoffs and discharges decreased in state and local government, excluding education (-39,000), but increased in state and local government education (+27,000).
The labor force participation rate rose by 0.2% to 62.8% in August and remains 0.5% below its February 2020 level.
The Right Facts will continue to monitor unemployment and job openings.