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The number of vacancies in the US fell in August, layoffs up slightly

US employers pulled back sharply on vacancies, while layoffs rose in August, adding to signs that the labor market and the overall economy are cooling.

Employers’ total job vacancies fell 10% in August to a seasonally adjusted 10.1 million from 11.2 million the previous month, the Labor Department said Tuesday. The 1.1 million drop in openings is the biggest drop since the early months of the 2020 Covid-19 pandemic, leaving job openings at their lowest level in a year.

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