U.S. job openings surge to new record high, hiring increases
Source: Reuters
August 9, 2021
12:21 PM EDT
Last Updated 13 minutes ago
Business
U.S. job openings surge to new record high, hiring increases
Reuters
WASHINGTON, Aug 9 (Reuters) - U.S. job openings jumped to a fresh record high in June and hiring also increased, an indication that the supply constraints that have held back the labor market remain elevated even as the pace of the economic recovery gathers momentum.
Job openings, a measure of labor demand, shot up by 590,000 to 10.1 million on the last day of June, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Monday.
Economists polled by Reuters had forecast job openings would rise to 9.28 million in June. Vacancies increased in all four regions and the job openings rate rose to 6.5% from 6.1%.
Employers have struggled to quickly rehire workers to keep up with the speed from which the economy has emerged from the depths of the COVID-19 pandemic, which upended many businesses as restrictions and fears of the virus kept people home.
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Read more: https://www.reuters.com/business/us-job-openings-jump-new-record-high-hiring-increases-2021-08-09/
The report is over in the Economy forum.
BLS Report: June job openings increase to series high; hires increase and total separations edge up
https://www.democraticunderground.com/111691069
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June job openings increase to series high; hires increase and total separations edge up http://go.usa.gov/vf7 #JOLTS #BLSdata
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See our interactive graphics on today’s new job openings and labor turnover numbers http://go.usa.gov/xkJ39 #JOLTS #BLSdata #DataViz
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