US job market cools as openings hit five-month low in August

Job vacancies fell by 256,000 to 7.079 million, while layoffs declined and hiring edged higher, signalling softer labour demand but no broad-based wave of job cuts.The US labour market showed fresh signs of cooling in August as job openings fell to their lowest level in five months, although subdued layoffs and a modest rise in hiring suggested employers continued to hold on to workers.