The numbers: The number of job openings in the U.S. climbed to a record 6.94 million in July in a clear sign that a booming economy is entering the second half of the year with a big dollop of momentum.
Job openings rose from 6.82 million in June, the government said Tuesday.
About 5.68 million people were hired and 5.53 million lost their jobs in July. Such a high level of what economists call “churn” is common in the huge U.S. economy.
The share of people who left jobs on their own, known as the quits rate, rose a notch to a 2.7% among private-sector employees. The record is 2.9%, set in 2001.
The quit rate was 2.4% among all workers — also near a record high. The government began keeping track in 2000.
https://www.marketwatch.com/story/us-job-openings-climb-to-record-69-million-2018-09-11
Job openings rose from 6.82 million in June, the government said Tuesday.
About 5.68 million people were hired and 5.53 million lost their jobs in July. Such a high level of what economists call “churn” is common in the huge U.S. economy.
The share of people who left jobs on their own, known as the quits rate, rose a notch to a 2.7% among private-sector employees. The record is 2.9%, set in 2001.
The quit rate was 2.4% among all workers — also near a record high. The government began keeping track in 2000.
https://www.marketwatch.com/story/us-job-openings-climb-to-record-69-million-2018-09-11
