Job openings edge lower, hiring rate accelerates

Reuters

The number of job openings fell slightly in August, a troubling sign for a labor market that is recovering at a painfully slow pace.

Job openings - a measure of labor demand - dropped to 3.56 million from 3.59 million in July, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey.

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The hiring rate, however, improved modestly to 3.3 percent in August.

(Reporting by Jason Lange; Editing by James Dalgleish)