10/10: MetroIntelligence Economic Update by P. DUFFY

August job openings fall 1.7 percent, but still over 1 million more unemployed persons than openings The number of job openings fell 1.7 percent to 7.1 million on the last business day of August, with hires falling 3.3 percent, separations down 3.0 percent and the quits rate declining 3.9 percent.  Even with these declines, there were still 1.007 million more unemployed persons than job openings in August. https://www.bls.gov/news.release/jolts.nr0.htm   Consumer credit use rose 5.25 percent in August due entirely to nonrevolving credit Although overall consumer credit use rose at an…

Read More