Author Topic: Job Openings Jumped 9.6% in June, Hirings Hit Second Highest Level Ever Recorded  (Read 212 times)

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Offline mystery-ak

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John Carney 10 Aug 2020

American businesses hired workers at a blistering pace in June, data from the Labor Department showed Monday.

U.S. employers hired 6.7 million workers in the month, the second-highest monthly total in records going back to 2000, according to the Labor Department’s monthly Job Openings and Labor Turnover Summary or JOLTS report. The highest total was hit in May, when businesses hired 7.2 million workers.

Job openings rose 9.6 percent to a seasonally adjusted 5.9 million, beating economist expectations. Despite the rise, openings remain well below the pre-pandemic level of about 7 million.

Job openings moved much higher during President Trump’s first year in office. Openings had stagnated in 2015, rarely rising about the 6 million mark and making little progress over time.  Between December of 2016 and July, openings rose by over 1 million and had not fallen below 7 million until December 2019.

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