Economics
U.S. Job Openings Hit New Record in June, Surpassing 10 Million
- Job vacancies continued to climb despite pickup in hiring
- Quits rate rose to near record as more voluntarily left jobs
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U.S. job openings surged in June by more than forecast to a fresh record high, highlighting businesses’ persistent struggles to hire enough workers to keep up with rebounding economic activity.
The number of available positions rose to 10.1 million during the month from an upwardly revised 9.5 million in May, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Monday. Economists in a Bloomberg survey had called for an increase to 9.27 million openings.