Job Openings End 2018 on a Record High
February 14, 2019
The number of job openings in December hit the highest levels in almost two decades. According to new data from the Labor Department, there were 7.34 million unfilled jobs on the final day of last year, the most since 2000. This was up from 7.17 million in November.
December saw the number of available jobs exceed the number of active job seekers by 1.04 million.
The month’s quits rate, which tracks the number of workers who leave their jobs voluntarily, remained unchanged for the third consecutive month. A high quits rate is seen as an indication of strong confidence in the job market, as workers generally leave because they believe they can find higher-paying work elsewhere.