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The labor market and the end of summer certainly have one thing in common: things are getting chilly.
The Bureau of Labor Statistics posted its Job Openings and Labor Turnover Survey (JOLTS) data for August on Tuesday. The data was more proof that the labor market is continuing to cool down, as hirings and total separations fell again in August.
Read more takeaways from the report below.
Diving into the data. The “Big Stay” continues to impact the job market, as employers further backed off on hiring and workers stayed put at their jobs. Total hires in August fell to 5.3 million from