Hiring data show disturbing trend just days before crucial jobs report

The latest buzz on who’s hiring for what job in which company will have a potentially huge economic impact on your wallet – and very soon. Yes, U.S. job openings are more than a measure of hiring. They are a leading indicator shaping how the Federal Reserve responds to both inflation and employment. This is why the Job Openings and Labor Turnover Survey (Jolts) for July released Sept. 3 is an influential data point in terms of whether the Federal Open Market Committee will cut the benchmark interest rates at its Sept. 17 meeting. The Jolts, a monthly report published...