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Job Market Shows Signs of Weakening as Consumers Turn Gloomy_我的网站
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The number of job openings fell to 8.8 million at the end of July, down from the prior month’s revised 9.1 million in a sign that the economy is downshifting, the Labor Department reported on Tuesday.
The drop brings the number about 2.5 million below the 11.4 million available jobs of a year ago.
Openings fell in professional and business services, down 198,000; health care and social assistance, off by 130,000; and state and local government, including education, where the combined losses totaled 129,000. There was a strong increase in information industry jobs, up by 101,000; and in transportation, warehousing and utilities, where openings increased by 75,000.
“Now it is taking a bit longer for jobseekers to find a job,” said Julia Pollak, chief economist for ZipRecruiter. “There’s meaningful slack in the job market, but it is still a historically tight job market. Overall, I still see the U.S. labor market as understaffed.”
The government will report the monthly jobs number for August on Friday with expectations for a gain of about 168,000 jobs.
“Investors should expect a softening labor report this Friday, further cementing the thesis that the Fed is getting close to finishing its tightening cycle,” said Jeffrey Roach, chief economist at LPL Financial.
Meanwhile, the Conference Board’s consumer confidence index for August found a pullback as Americans grew more concerned about rising prices of gasoline and groceries.
The present situation index – a reading of how consumers assess the current economy – fell to 144.8 from 153.0 in July. The expectations index, a forward-looking measure, declined to 80.2 from July’s bump to 88.
“Consumer confidence fell in August 2023, erasing back-to-back increases in June and July,” said Dana Peterson, chief economist at the business organization. “August’s disappointing headline number reflected dips in both the current conditions and expectations indexes. Write-in responses showed that consumers were once again preoccupied with rising prices in general, and for groceries and gasoline in particular.”
“The pullback in consumer confidence was evident across all age groups – and most notable among consumers with household incomes of $100,000 or more, as well as those earning less than $50,000,” Peterson added. “Confidence held relatively steady for consumers with incomes between $50,000 and $99,999.”
Consumers expected higher interest rates to come, while also lowering their assessment of the probability of a recession.
Also Tuesday, home prices rose 0.9% in June, according to the S&P CoreLogic Case-Shiller index. Prices were unchanged on a year-over-year basis.
"U.S. home prices continued to increase in June 2023," said Craig J. Lazzara, Managing Director at S&P DJI. "Our National Composite rose by 0.9% in June, and it now stands only -0.02% below its all time peak from exactly one year ago. Our 10- and 20-City Composites likewise each gained 0.9% in June 2023, and stand -0.5% and -1.2%, respectively, below their June 2022 peaks.”
"As we've noted previously, the recovery in home prices is broadly based,” Lazzara added. “Prices rose in all 20 cities in June, both before and after seasonal adjustment. Over the last 12 months, 10 cities show positive returns. Otherwise said, half the cities in our sample now sit at all-time high prices.
“Today’s market offers buyers the frustrating combination of low inventory and high home prices,” said Realtor.com economic data analyst Hannah Jones. “Many existing homeowners remain on the sidelines of the market, content to stay put as mortgage rates reach 20-year highs.”
“As a result, home shoppers are seeing fewer existing homes for sale and facing more competition for the homes available,” Jones added. “Builders have started to pick up construction activity to fill this gap, but remain cautious as affordability challenges continue to stifle buyer demand.”
。 中国小康网讯 4月23日，在成都市青羊区清波社区的一角，成都世园会推广大使曾开成作为特邀分享嘉宾，以“世园会：探索世界园艺与生态文明”为主题，向市民们讲述了世园会中的园艺美学。在他的分享中，不仅透露出对园艺深厚的爱好，也传达出对成都未来绿色生活的期待和憧憬。 据了解，本次活动以“共赴书香之约，共阅世园之盛”为主题，在市区及世园会主分会场所在辖区的10个社区同步展开，各场地布置以生态绿色为主题，吸引市民积极参与，共同探索园艺、自然与城市生活的和谐相处。 活动现场，市民们的参与热情高涨，活动现场座无虚席。一位参与者表示：“通过今天的分享，我不仅了解到了园艺背后的科学和艺术，还感受到了我们城市向绿色、生态方向努力的决心。” 在活动互动环节，市民们围绕如何在自家阳台创建小型花园、如何利用城市空间进行绿化等话题展开讨论。小组讨论后，参与者纷纷表达了将所学的园艺技术应用到自己生活中去的愿望。
B | 据了解，活动当天还邀请到四川城市职业学院城市设计研究院、麓湖社区基金会、麓客自然会等相关负责人在吉泰社区、麓湖公园社区、静康社区等地分别开展以“绿色城市建设与可持续发展”“阅读与绿色生活：书香与绿意的交融”“最美阳台：探寻城市中的绿色角落”为主题的读书分享会。 据活动相关负责人介绍，“书香成都阅世园”读书分享活动，不只是一场读书会，更是成都市文化的一部分，是市民生活的一个缩影。
C | 通过这样的活动，不仅展示了城市文化的深度和广度，更能让成都市民和城市一同步入更绿色、更生态、更美好的未来。 清波社区： 金琴南路社区： 葭新社区： 梨花村： 花都社区： 前进社区：编辑：任燕萍。
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