#Small Business Accountant Ryde

[bellaccounting]

Bell Accounting Crafting Financial Solutions

Bell Accounting provides customized accounting and tax services for businesses.We offer expert bookkeeping, accurate tax return filing, efficient payroll management, and strategic business advisory. Trust us to manage your financial responsibilities with precision, so you can concentrate on growing your business. Contact us at 02 8527 3350 to discover how we can support your success.

[spilling-the-digital-communi-tea]

Week 9 Blog Post

This week we focused on a digital citizenship case study, being ‘Social Media Influencers and the Slow Fashion Movement’.

Before fully diving into this idea, it was important to remind myself as to exactly what digital citizen was and what the expectations put upon them were, whether that be economic, democratic etc. Having done so, the responsibility of digital citizens to embrace ‘slow fashion’ was made clear. Lai (et al. 2017, p. 83) presents a couple criterion for slow fashion, such as “child labour free”, “less harming to the natural environment”, “ethically and socially responsible” and finally fostering the “creation of long-term relationships”. For me, having read these overwhelmingly positive aspects I was certainly confused as to why slow fashion hasn’t fully been embraced.

This was particularly poignant when contrasted to the deleterious effects of ‘fast fashion’. Brewer (2019, pp. 1-2), outlines how “fashion is among the world’s most polluting industries” and is not helped by the “the prevalence of social media” which ultimately “fuels the virtually instantaneous movement of trends within communities and networks across the world”. As a result, the mass production of clothes to match fashion trends are “generating a significant carbon footprint and a host of social concerns” (Brewer 2019, p.1) overall accounting for “17–20% of global industrial water pollution” (Kant, cited in Brewer 2019, p.2) and 10% of theworld’s carbon emissions, with significant emissions through both production and its supply chain” (Conca, cited in Brewer 2019, p.2).

This environmental negligence has not gone unnoticed with socially conscious people protesting this lack of ethics since as early as the 1960’s (Lai et al. 2017, p. 81). However, it has been made clear that the problems with the law and favouritism towards big business has hampered the ability to make change. Despite this, a number of fashion-related businesses have seen increased popularity as citizens place more important into “the concept of corporate social responsibility (CSR)” (Brewer 2019, p.6). One such example is Depop, who describe their product as “the fashion marketplace app where the next generation come to discover unique items” (Depop 2021) with the goal to “make fashion more inclusive, diverse and less wasteful” (Depop 2021). Depop is a small part of the modern movement which is “democratizing fashion” (Brewer 2019, p.3), something which is urgently needed if we are to prevent this industry from continuing to wreak havoc on the environment.

If you want to contribute to this cause I would heavily suggest that you look into their website: https://www.depop.com/ 

References

Brewer, M 2019, ‘Slow Fashion in a Fast Fashion World: Promoting Sustainability and Responsibility’, Laws, vol. 8, no. 4, pp. 1-9.

Depop 2021, What is Depop, viewed 10 May 2021, <https://www.depop.com/>.

Lai, Z, Henninger, C & Alevizou, P 2017, ‘An Exploration of Consumers’ Perceptions Towards Sustainable Fashion – A Qualitative Study in the UK’, in C Henninger, Alevizou, P, Goworek, H & Ryding, D (eds), Sustainability in Fashion A Cradle to Upcycle Approach, Palgrave Macmillan, University of Sheffield, pp. 81-101.

[misslisterkeepsajournal]

1831 Sunday 9 October

7 40/.. 10 1/2

Incurred a cross last night and another this morning thinking of π [Mariana] lay three quarters hour this morning about -

Very fine morning - Fahrenheit 63°. now at 7 50/.. - down at 8 1/2 - breakfast - out at 9 1/2 for an hour - walked along the town and the marine parade - the marine hotel evidently the one to go to and not very far from the quay - go by daylight, and then easy to get comfortably settled - some very nice little gothic places far better than cottages along the marine parade - 1 or 2 gable-ended houses with gothic 2 stories of windows 4 lights each - 2 projecting in front and one on each side   

[Anne’s drawing of the gothic windows]

- that might do very well for the gable ends at Shibden then walked thro' the town to where we landed last night from East Cowes - the Medina (medeena) or Newport river, the wooded hills and towns creeping along the margin of each, very pretty - Cowes too, is the yatch station - I should prefer it to Ryde?

On going back to the Inn, the driver came to be paid - he asked 6/. a day - had Mr. Webb, the master of the house up - he said a man should have 5/6 a day for that their masters paid them nothing but a boy like that (like the one who drove me) should have 4/. so gave him after that rate -

Off in the Malmesbury Steamer from Cowes at 10 3/4 - very pretty look back upon the town (West Cowes) see little of East Cowes and hardly any of the river - leave it hid behind West Cowes - just get a peep of the top of East Cowes (Mr. Nash) he there because the flag flying, and of the top, soon after, of Norris Castle where the duchess of Kent's flag was flying - At 11 1/4 pass the little thick low round Calshot Castle (like Hurst Castle) and enter the Southampton river - the little thin tall Castle Tower we saw before was Eaglehurst - small boat from the Thames landed at 12 5/.. -

Back at the Crown Inn (very civil people but very b.g. 2nd. rate, tavern-kind of house) - at 12 10/.. - carriage packed - read this morning's globe, every column in mourning for the throwing out of the reform bill by a majority of 41 lords - all the bps. [bishops] against but Norwich and Chichester - Lord Wynford spoke much and well against the bill -

Off from Southampton commonly here shortened to Southton at 1 3/4 - fine looking town - in 7 or 8 mins. [minutes] at Northam bridge 1st. and 2nd (a handsome wooden 5 arch-bridge and then at a very short distance a bridge (wood?) of one arch) both over the lake-like river Itchen which is here very beautifully skirted with wood and gentlemens seats, and altogether a beautiful scene with shipping and Southampton to the left behind us -

At 2 10/.. on Netley common, a heathery moor, bounded (right) by fine wood thro' which beautiful peeps of the Southampton river - poor land in all directions about Southampton, even along the beautiful banks of its river - land here almost as poor (but not so white sandy) as from Poole to Swanage - all the land along the coast from Southampton to Weymouth poor even if no farther, which I have not seen - at 2 1/2 fine view of Calshot castle and across the channel - Cowes and just see Ryde - and then in a minute or 2 get into enclosed land again - at 2 38/.. Bursledon bridge (wood) over wide lake that goes to Botley 2 miles left and to the Southampton river right - very picturesque good village scattered round its margin, chiefly whitish straw-thatched ivy-covered houses -

At 2 50/.. Titchfield common and from here and afterwards fine views of the Isle of Wight - could distinguish the watch tower on St. Catherine's hill - at 3 1/4 pass thro' one end of Titchfield apparently neat little town - Fareham at 3 42/.. one long neat, good street - change horses at Harris's far end of the town, having passed the better looking Inn, a large white hart - just below the Inn cross bridge over lake-like water with neat houses round its edge and wood and vessels - very pretty as at Bursledon - then rise little hill and fine view of the water and shipping and of Gosport or Portsmouth or both -

At 4 turned down the pretty little neat village of Porchester to the castle and there at 4 5/.. - walked about in the castle yard and could find nobody till I went out and got a man to take me to the concierge of the castle who was busy shewing about some people - the parish church is in the castle yard - the Saxon arch of the great west door is strikingly beautiful - the north side of the church and roof too very much covered over with ivy - went to the top of the great Keep Tower 103 feet high and 7 stories - in this and the smaller square Tower 8000 French prisoners were lodged during the last war over whom 300 soldiers mounted guard every day - the part where queen Elizabeth lived quite ruined - the great square Keep Tower said to be Roman Saxon and norman architecture - not easy to me to distinguish the 3 periods - Low water on the sea would have washed the south wall of the Porchester castle court - just out of the village of Porchester, the road lies along the low narrow gravelly beach a large surface beyond it being all green as the water makes it and close, left, is Portsea down (or Portsdown?) -

The Keep Tower at Portchester Castle [Image Source]

At 5 1/2 turn left thro' the neat good little village of Cosham down to Portsmouth - do not see any stayable Inn in Cosham - enter Portsmouth at 6 5/.. under two deep arched gateways, a regularly fortified (double walled with boulevard and trees innermost) town, the only one I ever saw in England; nor was I even that such an one existed -

Alighted at the George hotel at 6 10/.. - at last a good first rate Inn again - what a comfort - handsome 3 windowed sitting room, so ordered a dinner soup-potatos and broccoli, and boiled bread pudding and 2 bottles soda water - all good - dinner from 7 25/.. to 8 - before and after wrote out the whole of this of today, and inked over and settled accounts till now 9 10/.. -

Found letter this morning at the Crown Southampton post office date 7th. instant 2 1/2 satisfactory pp. [pages] from Miss H- [Hobart] Richmond park - both she and Lady S- [Stuart] were 'Terribly annoyed at what we thought the overthrow or throw over'....all quite comfortable again - Miss H- [Hobart] thinking it a great triumph that her wishes should be stronger than Lady S- de R-'s [Stuart de Rothesay's] arguments - says Lady Alicia (Gordon) will not stay more than 3 nights and if I wait till the 13th. may be sure of my bed again at the Lodge - very fine day - Fahrenheit 64°. now at 9 1/4 p.m.

[Margin] Saw Chichester cathedral from Porchester castle

[Margin notes] x L  

Reference: SH:7/ML/E/14/0131 - SH:7/ML/E/14/0132

[sellfurnitureonline]

Post Free Classified Ads in Dubai

Classified ads are a form of advertising and in general, people can find them in newspapers, but in recent years, online listings have developed and allow individuals to sell and buy easier. Advertisements are grouped in categories, such as services, for sale, wanted and such. It is a better practice for businesses to post free classified ads in Dubai, as they are able to attract more customers. Certain websites allow users to post free classified ads in UAE and reach their target market.

There are certain considerations to keep count of regarding ads and many benefits as well. To start with, advertising is crucial for a business, being the main way of reaching customers. Some of the company's resources have to go in this direction, otherwise, the business fails to register profit and potential buyers miss the opportunity to enjoy their products or services. Those who post free classified ads in Dubai have limitless options, as they can post as many announcements as they like, they can include text and photos, change the text or price whenever desired. People with the same interest will go through the category and there are more chances of closing the deal, considering how easy it is to access listings.

Not many businesses have considerable funds for advertising and especially start-up companies or small ones find it hard to spend substantial amounts on marketing. However, they can always post free classified ads in UAE and wait for potential buyers to discover their products or services. In addition, consumers that want to sell their items, old or new, can also post ads on websites and interact with others, negotiate price and offer relevant information. Everyone is looking for a bargain and this is the reason why they enjoy looking through listings, as they never know what they can find.

Depending on the terms and conditions of online listings, businesses and individuals can add links to the announcement, redirecting visitors to their online shop or to the main product's page. There is nothing to lose when it comes to the subject, because posting ads is free and you can always try other methods separately. It costs nothing to create an account, include a text and interact with potential buyers. Classified ads work for every category, including real estate and job openings. Those who want to sell or rent a property within a certain location use listings often and even companies that have job openings.

It happens in many cases to require a professional for a job, maybe a plumber, electrician, gardener, and babysitter, someone to look over the house. It is easier to find and get in touch with such people directly online, on listings. You can discuss all details and the price and then meet to see if you want to collaborate. The online environment does bring people together and it makes it more convenient to find products and services.

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[sophie-embleton13]

Week 7: Instagram, influencers and the slow fashion movement

We are the millennials, the ‘Keeping up with the Kardashians’ and experience what it’s like to have everything we want at our fingertips daily. We want the shiny new things, the fresh sneakers and the vintage ‘rare’ pieces of fashion all for an absolute bargain. We claim to care about our environment but the term ‘fast fashion’ gets flung around without us truly being aware of the devastating impact of our consumerism habits. The fashion industry alone is estimated to create 11.9 million tonnes of waste a year, contribute 17-20% of industrial water pollution and is accountable for globally 10% of carbon emissions, with brands like H&M and Burberry being at the forefront of contributing to these large figures (Henninger, 2017).   

The internet, in particular Instagram, has truly changed the way in which we browse and shop for clothes. Making fashion widely accessible with swipe up links and price tags inserted directly into images, users can navigate straight from stories to the store with one touch of a button. A study conducted in 2014 found that social media was positively related to the interest of fashion, fast fashion involvement and compulsive buying behaviour (Higgins, 2014). The phrase ‘fast fashion’ “refers to low-cost clothing collections that mimic current luxury fashion trends” (Joy et.al, 2012) which reflects the desires among young consumers, even if it’s an embodiment of unsustainability. Additionally, influencers, or ‘internet celebrities’ are rife among Instagram, strategically used by brands to be their walking, talking advertisements. These influencers generally get given free products or paid to create content to promote the brand, whilst giving followers exclusive discount codes to encourage them to purchase items (Newberry, 2019). This actively pushes fast fashion and advances the growing problem of landfill. However, the use of social media marketing is fundamental for fast fashion e-commerce businesses as they can build strong customer-brand relationships, attract new customers and thoroughly get to know their target audience (Manneh, 2017). It’s a new way to reach audiences like never before which is being exercised to its full potential at the detriment of our environment.   Instagram feeds into our desire and need to constantly be evolving our individual identities, ‘upgrading ourselves’ and to match this growth we want to express it through materialistic products that reflect that change, that make us look ‘better’ (Joy et.al, 2012). Trends are on the out as fast as they come in and trying to keep up is a vicious cycle- a bad habit I know personally, is hard to break free from. The cognitive dissonance is contradicting among fast fashion consumers, mostly who share a concern for environmental issues whilst simultaneously engage in consumer patterns that are unhealthy and ecologically unviable (oy et.al, 2012).   Whilst all of this is occurring, the slow fashion movement is slowly beginning to gain traction. The emergence of sites like ebay, Facebook marketplace and even High fashion rental pages on Instagram have seen items be rented, reused and recycled which has made a small dent in combatting the issue at large. The slow fashion movement, also dubbed as 'eco fashion', 'sustainable fashion' or 'ethical consumption’ is fighting for the fashion industry to operate consciously, to reduce the amount of waste they generate and to use ethically sourced and made materials (Thomas, 2019). This fight is ongoing, a war against large and powerful companies who function solely to create money, but people have not given up hope as showcased through the many social media accounts like Kristen Leo’s and Venetia La Manna advocating for fast fashion to be eradicated. It is people and accounts like these that pioneer the way and educate others to be conscious of their behaviour, awareness and education is paramount in assisting people to change the way they consume fashion, there’s still a long way to go but we have to start somewhere. 

References

Henninger, C., Alevizou, P., Goworek, H. and Ryding, D., 2017. Sustainability In Fashion. 

Higgins, K., 2014. Consumer Compulsive Buying And Hoarding In A World Of Fast Fashion. Masters. University of North Texas. 

Joy, A., Sherry, J., Venkatesh, A., Wang, J. and Chan, R., 2012. Fast Fashion, Sustainability, and the Ethical Appeal of Luxury Brands. Fashion Theory, 16(3), pp.273-295. 

Manneh, M., 2017. The Influence Of Social Media On E-Commerce: Fast Fashion Multinational Companies. Ph.D. University of GAVLE. 

Michaela, E. and Orna, S., 2015. Fashion Conscious Consumers, Fast Fashion and the Impact of Social Media on Purchase Intention. Academic Journal of Interdisciplinary Studies,. 

Newberry, C., 2019. Influencer Marketing In 2019: How To Work With Social Media Influencers. [online] Hootsuite Social Media Management. Available at: <https://blog.hootsuite.com/influencer-marketing/> [Accessed 28 May 2020].

Thomas, K., 2019. Cultures of Sustainability in the Fashion Industry. Fashion Theory, pp.1-28.

[nevehorvat]

Instagram, influencers and the slow fashion movement - Week 7

For this blog post I’ll be discussing fashion, which is a personal favourite topic of mine for numerous reasons (but I won’t go into that). Many people all around the world constantly buy cheap and poor-quality clothing because you can buy many items of clothing for a small price. This is called ‘Fast Fashion’ however, the price of fast fashion is not small at all. The production of this clothing has led to catastrophic fires such as the Tazreen Fashion factory incident in Bangladesh killing 112 workers and the Rana Plaza Building incident also in Bangladesh killing 1134 workers (Prentice, De Neve, 2017). However, that is not what I’ll be discussing in this blog, I’ll be discussing the opposite of that which is the slow fashion movement. I’ll also display how Instagram and influencers play into this movement also.

The slow fashion movement also known as “antipode to fast fashion” (Lai et al, 2017) involves purchasing high quality garments that will last a lifetime and values fair treatment of workers and the planet. However, the slow fashion movement isn’t arising due to social media but as Lai explains “it is linked to counterculture of the 1960’s, anti-fur campaigns of the 1980’s and protests against unethical working conditions in the 1990s/2000s” (Lai et al, 2017). The sustainable fashion movement also signifies that it brings a better quality of life to the garment workers, while also “minimizing the use of natural resources, toxic materials and emissions of waste and pollutants over the life-cycle” however also “not jeopardiz[ing] the needs of future generations” (Lai et al, 2017). For a brand to be considered ‘sustainable’ there are a number of (unofficial) criteria they need to meet such as child free labour, less harming materials, ethical production process, and creating long-term relationships across supply chains (Lai et al, 2017) meaning caring for garment workers and not using them for resources. Doing this and transforming to a more sustainable company not only allows the business to grow sustainably but also allows the company to be good digital citizens.

In this contemporary digital age, there are many digital citizens voicing their opinions on the fast and slow fashion movement. Influencer Tiffany Ferguson raises the problem with fast fashion and the issues with oblivious influencers praising fast fashion with clothes hauls displaying their $800 boohoo purchases, she states that “we need to start holding our influencers accountable for what they promote” (Ferguson, 2018). Venetia La Manna is another influencer however she is unlike Tiffany because she describes herself as a slow fashion activist who is a more overt activist with a hostile tone. She has 81.5 thousand followers on Instagram and often gets blocked by major fashion companies for expressing her opinion on fashion brands such as Primark. However, another aspect of the slow fashion movement is also the concept of thrifting (buying second-hand clothes). The Big Sister Swap is a small organisation based in London with the slogan ‘swap don’t shop’ who take people’s unwanted clothes and swap them with someone who may want them. They use Instagram and a website to contribute to the slow fashion movement by converging old and new technologies such an online forums and mailing services to deliver messages and items.

After reading this blog, would you reconsider where you buy your clothes?

Have a look in the InStyle link below for some of the most sustainable brands in Australia.

Link

https://www.instylemag.com.au/ethical-fashion-brands

References:

Zhen Lai, Claudia E. Henninger and Panayiota J. Alevizou ‘An Exploration of Consumers’ Perceptions Towards Sustainable Fashion – A Qualitative Study in the UK’, in Sustainability in Fashion A Cradle to Upcycle Approach, edited by Henninger, C.E., Alevizou, P., Goworek, H., Ryding, D. (Palgrave: 2017), pp 81-83

Prentice, R, De Neve, G, 2017. ‘Five years after deadly factory fire, Bangladesh’s garment workers are still vulnerable’. The Conversation. [online] Accessed on 30 April 2020 < https://theconversation.com/five-years-after-deadly-factory-fire-bangladeshs-garment-workers-are-still-vulnerable-88027>

Ferguson, T, 2018. ‘Are You A Good Influencer? (Fast Fashion VS Sustainable Clothing)’ YouTube. [online] Accessed on 30 April 2020 <https://www.youtube.com/watch?v=_Y5Hi8US0_s>

[olko71]

New Post has been published on All about business online

New Post has been published on http://yaroreviews.info/2018/09/singapore-fines-grab-and-uber-imposes-measures-to-open-up-market

Singapore fines Grab and Uber, imposes measures to open up market

SINGAPORE (Reuters) – Singapore slapped ride-hailing firms Grab & Uber with fines & finalised restrictions to open up the market to competitors after concluding that their merger in March has driven up prices.

FILE PHOTO: A view of Uber & Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Uber Technologies Inc [UBER.UL] sold its Southeast Asian commerce to bigger regional rival Grab in March in exchange for a 27.5 percent stake in the Singapore-based firm.

While the combined S$13 million ($9.5 million) fine was small compared with the firms’ multi-billion dollar valuations, that & the other measures imposed by the Competition & Consumer Commission of Singapore on Monday represent the strongest censure by a regulator since the deal was unveiled.

The anti-trust watchdog said it would require that Grab drivers not be tied to Grab exclusively & that Grab’s exclusivity arrangements with any taxi fleets be removed.

Uber will in addition be required to sell its car rental commerce to any rival that makes a fair offer & will not be allowed to sell those vehicles to Grab without the watchdog’s permission. The car rental business, Lion City, had a fleet of some 14,000 vehicles as of December.

Fining Uber S$6.6 million & Grab S$6.4 million, the regulator said effective fares on Grab rose 10 to 15 percent after the deal, & that the firm now holds a Singapore market share of around 80 percent.

Uber said it believed the decision was based on an “inappropriately narrow definition of the market” & would consider appealing.

Grab said it completed the deal within its legal rights, & did not intentionally or negligently breach competition laws. It would abide by remedies set out by the regulator, it added.

Indonesia’s Go-Jek, which plans to launch services in Singapore, said it welcomed the regulator’s steps.

“We’re encouraged to see the measures being taken to level the playing field – it will have a meaningful effect on our strategy & timeline,” the company said.

Other new entrants to the market include Singapore-based Ryde.

Grab said it had not raised fares since the deal & argued that all transport firms, including taxi operators, should be subjected to non-exclusivity curbs.

Walter Theseira, an economics professor at the Singapore University of Social Sciences, said the regulator measured effective fares in terms of the average price consumers pay after accounting for subsidies & discounts, while Grab defines it as posted fares before any discounts.

Grab has in addition been told to preserve its pre-merger pricing algorithm & driver commission rates, which the regulator said would protects riders against excessive price surges, & drivers against increases in commissions that they pay to Grab.

The watchdog said it would suspend the measures on an interim basis whether a Grab rival was able to garner over 30 percent of total rides in the ride-hailing services market in a month.

It would remove the measures whether a rival attained 30 percent or more of total rides matched in the market for six consecutive months.

Rival services include third-party apps for calling cabs & private vehicles as well as taxi-booking services such as those if by taxi operator ComfortDelGro Corp Ltd (CMDG.SI).

Uber & Grab have a month to appeal the Singapore regulator’s decision.

The deal remains under anti-trust review in Vietnam, which has warned that it could be blocked whether the firms’ combined market share in Vietnam exceeds 50 percent.

Jerry Lim, Grab’s country head in Vietnam, said he believed the local regulator will consider the market’s unique competitive dynamics & regulatory landscape in its investigation.

In the Philippines, where the deal has been approved, the competition watchdog has said it is monitoring Grab’s compliance with conditions intended to improve the quality of service, with any breaches possibly resulting in fines.

Reporting by Aradhana Aravindan; Additional reporting by Mai Nguyen in Hanoi; Editing by Christopher Cushing & Edwina Gibbs

Our Standards:The Thomson Reuters Trust Principles.

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New Post has been published on OmCik

New Post has been published on http://omcik.com/u-s-job-openings-at-record-high-qualified-workers-scarce/

U.S. job openings at record high; qualified workers scarce

WASHINGTON (Reuters) – U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes.

The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed the labor market continued to tighten amid a scarcity of workers.

The strong labor market fundamentals could encourage the Federal Reserve to continue tightening monetary policy this year despite inflation persistently running below the U.S. central bank’s 2 percent target.

“Employers need skilled labor and experienced workers are in short supply, which continues to suggest the economy has returned to a relatively normal labor market that does not need exceptional support from the Fed,” said John Ryding, chief economist at RDQ Economics in New York.

Job openings, a measure of labor demand, increased by 54,000 to a seasonally adjusted 6.2 million. That was the highest level since the data series started in December 2000. Job openings have now been above 6 million for two straight months.

Hiring increased 69,000 to 5.5 million in July, lifting the hiring rate to a near 1-1/2-year high of 3.8 percent from 3.7 percent in June.

Labor market tightness was also underscored by another report from the National Federation of Independent Business.

The NFIB survey showed a record share of small businesses in August ranked difficulties finding qualified workers as “their top business problem.” The rise in job vacancies in July bolsters views that August’ s moderation in job gains was largely because of a seasonal quirk.

SOLID SHAPE

Nonfarm payrolls increased by 156,000 jobs last month, with the private services sector hiring the smallest number of workers in five months. Job growth in September could, however, be held back by hurricanes Harvey and Irma, which struck Texas and Florida, respectively.

The two states account for about 14 percent of U.S. employment. Temporary unemployment as a result of flooding from Harvey has already caused a surge in first-time applications for jobless benefits.

“The JOLTS data signal that the labor market was in solid shape in July and support our view that we should not be very concerned about the modest disappointment in the August payroll report,” said Daniel Silver, an economist at JPMorgan in New York.

JOLTS is one of the job market metrics on Fed Chair Janet Yellen’s dashboard. Economists expect the U.S. central bank will announce a plan to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities at its Sept. 19-20 policy meeting.

Benign inflation amid sluggish wage growth, however, suggests the Fed will delay raising interest rates again until December. It has increased borrowing costs twice this year.

Job openings in transportation, warehousing and utilities increased 70,000 in July and educational services had an additional 26,000 vacancies. There were 20,000 more job openings in construction.

Manufacturing, however, saw a 29,000 drop in vacancies in July. Health care and social assistance job openings decreased 72,000 and federal government vacancies declined 21,000.

About 3.2 million Americans voluntarily quit their jobs in July, up from 3.1 million in June. The quits rate, which the Fed looks at as a measure of job market confidence, rose to 2.2 percent from 2.1 percent in June.

“One of the problems facing firms is that workers are still pretty much locked into their current positions,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. “With companies unwilling to bid for workers from other firms, there is little reason to leave and that is limiting the availability of qualified workers.”

Layoffs fell 23,000 to 1.78 million in July.

Reporting by Lucia Mutikani; Editing by Phil Berlowitz

Our Standards:The Thomson Reuters Trust Principles.

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