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Essentials Daily Insights

August Hires And Quits Presage Further Compensation Deceleration

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US job openings grew by a larger-than-expected 8.04 million jobs in August from 7.71 million. July’s openings were also revised 38 thousand higher. However, despite the upside surprise, the August hires rate fell to 3.3% and July’s hires were revised lower,…

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