However, tame inflation and worries about consumer spending amid tepid wage growth and faltering motor vehicle sales suggest that the Fed might delay raising interest rates again until December. The monthly increase in job openings was the largest since July 2015. The health care and social assistance sector had 125,000 more job openings and construction companies had an additional 62,000 unfilled positions. Annual wage growth has struggled to break above 2.5 percent, contributing to inflation persistently running below the Fed’s 2 percent target. As a result, the quits rate, which the Fed looks at as a measure of job market confidence, dipped to 2.1 percent from 2.2 percent in May.

Source: Taipei Times August 09, 2017 15:56 UTC