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U.S. Job Openings Climb to Record High
September 11, 2018
U.S. Job Openings Climb to Record High
The July numbers from the Labor Department’s Job Openings and Labor Turnover Survey show that job openings increased to a record 6.94 million for the month, up from June’s 6.82 million. The number of vacant jobs has increased by 737,000 in the past year, an increase of nearly 12 percent.
The number of people who left jobs on their own, referred to as the “quits” rate, also rose, climbing to 2.4 percent. This marks the highest level since April 2001. A high quits rate is an indicator of a strong economy, as workers leaving voluntarily usually do so because they can get better pay elsewhere, and they are more confident about the overall economy.
