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Job openings in the United States fell in August for the first time this year
Job openings in the United States fell in August for the first time this year, but are still close to an all-time high. With the increase in the number of COVID-19 cases, the demand for labor has shaken slightly. The number of job openings fell to 10.4 million in August and revised to 11.1 million in July, according to the Labor Department's Job Vacancy and Labor turnover Survey (JOLTS) released on Tuesday. Economists surveyed by Bloomberg expect a median of 11 million. At the same time, the increase in the number of voluntary departures highlights rising wages, signing incentives and a large number of job openings that are driving many people to change jobs. The turnover rate rose to a record 2.9% despite job openings.
Brent crude hit $75 per barrel for the first time since early August
Brent crude oil futures hit $75 per barrel for the first time since August 2 as the market continues to face declining supply from the US. At 9:05 New York time, Brent crude oil rose 1.9% to $75.02 per barrel. The price of Brent crude oil has been rising steadily since the end of August. After Hurricane Ida shut down some oil production along the Gulf Coast of the United States, oil prices were further boosted. Currently, about 40% of production capacity has not been restored. Given the decline in US inventories, the International Energy Agency (IEA) said this week that the global market will not receive more supply until October. At that time, the Petroleum Exporting Countries Group
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