Economy

Job openings surge above 10 million for first time ever, Labor Department says

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The number of job openings in the U.S. economy jumped to more than 10 million in June, the highest on record, as the U.S. labor market continues a choppy recovery from last year’s economic shutdowns, the Labor Department said Monday.

There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while the layoffs and discharges rate was unchanged, reflecting increased bargaining power and employment options for workers.

By industry, leisure and hospitality show one of the highest level of job openings at more than 1.6 million. Health care…



Source cnbc.com

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