Confirmed: America is in a serious jobs slump
Source: CNN
BUSINESS ECONOMY 3 MIN READ
Confirmed: America is in a serious jobs slump
UPDATED 3 HR AGO
By Alicia Wallace
Employment gains were so weak in the July jobs report that President Donald Trump fired the head of the bureau charged with collecting the data, baselessly claiming it was rigged.
But fresh figures out Wednesday show that those meager job totals werent an anomaly: For the first time in more than four years, there are fewer open jobs than there are job seekers.
This is a turning point for the labor market, Heather Long, chief economist at Navy Federal Credit Union, wrote Wednesday. Its yet another crack.
The number of job openings was an estimated 7.18 million at the end of July, falling from a downwardly revised 7.36 million the month before, according to Bureau of Labor Statistics data released Wednesday.
Job openings are now not only at their lowest level in 10 months, but theyre also below the number of unemployed workers (at 7.2 million) for the first time since April 2021.
Economists were expecting that openings would shrink slightly from June and land at 7.37 million for July, according to FactSet consensus estimates.
{snip}
Read more: https://www.cnn.com/2025/09/03/economy/us-jolts-job-openings-layoffs-july
https://www.democraticunderground.com/1116101005

getagrip_already
(17,780 posts)There are countless job listings for jobs that simply don't exist, and never will be filled.
Companies do this for a number of reasons ranging from data collection to trying to polish their image by faking the appearance of growth.
Even companies that are hiring will put false ads up. I'm glad I'm not in the job market now nor will I ever be again once I leave my current job.
Wiz Imp
(6,828 posts)From BLS:
Job openings are all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:
-A specific position exists and there is work available for that position. The position can be full-time or part-time, and it can be permanent, short-term, or seasonal.
-The job could start within 30 days, whether or not the employer can find a suitable candidate during that time.
-The employer is actively recruiting workers from outside the establishment to fill the position. Active recruiting means that the establishment is taking steps to fill a position. It may include advertising in newspapers, on television, or on the radio; posting internet notices, posting "help wanted" signs, networking, or making word-of-mouth announcements; accepting applications; interviewing candidates; contacting employment agencies; or soliciting employees at job fairs, state or local employment offices, or similar sources.
Each month, the Bureau of Labor Statistics (BLS) collects data on job openings, hires, and separations from a sample of establishments. JOLTS has a comprehensive program of new sample unit solicitation in two Regional Data Collection Centers (DCCs). The DCCs perform initial enrollment of each establishment via telephone, collect the data for several months via Computer Assisted Telephone Interviewing (CATI), and, where possible, transfer respondents to web reporting. In addition, the DCCs conduct an ongoing program of refusal conversion.
Offering survey respondents a choice of reporting methods helps sustain response rates to this voluntary survey.
For all collection methods, JOLTS uses a standard set of questions listed and explained in the JOLTS data collection forms. There are three forms: one for temporary help agencies and professional employer organizations, one for the education industry, and one for all other businesses. Each form asks establishments to report:
-Number of full- or part-time employees who worked or received for pay for the pay period that includes the 12th of the month
-Number of job openings on the last business day of the month
-Number of hires for the entire month
-Number of quits for the entire month
-Number of layoffs and discharges for the entire month
-Number of other separations for the entire month
-Most JOLTS data are provided though a web collection tool, but respondents are supplied with JOLTS collection forms for reference.
Frasier Balzov
(4,509 posts)has had an adverse effect on the demand-supply balance of jobs in the private sector.
slightlv
(6,516 posts)Bengus81
(9,274 posts)And then fire another,then another....
Prairie Gates
(6,101 posts)+ 250,000?
+ 300,000?