Job openings surprisingly increased in August, furthering the narrative that while the labor market is cooling, it's not rapidly slowing.
New data showed there were 8.
04 million jobs open at the end of August, an increase from the 7.71 million seen in July.
The Institute for Supply Management (ISM) said its manufacturing PMI was unchanged at 47.2 last month.
Despite holding steady, the reading still came in weak, as a PMI below 50 indicates a contraction in the manufacturing sector.
Disruption from the large-scale stoppage could cost the economy billions of dollars a day, stoke inflation, put jobs at risk, and reverberate through US politics.
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