Job openings hit record high in July
- 9 years ago
Job openings surged to a record high in July even as hiring fell, signaling a tighter labor market that's expected to soon push up wage growth.
Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000, the Labor Department said Wednesday.
The previous high was 5.4 million in May.
The number of hires slipped to 5 million from 5.2 million, according to the Job Openings and Labor Turnover Survey.
As the unemployment rate falls to near-normal levels, many employers are struggling to find workers - a dilemma some economists attribute to mismatches between the skills of unemployed workers and employers' needs.
The jobless rate was 5.3% in July and dropped to 5.1% last month.
Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000, the Labor Department said Wednesday.
The previous high was 5.4 million in May.
The number of hires slipped to 5 million from 5.2 million, according to the Job Openings and Labor Turnover Survey.
As the unemployment rate falls to near-normal levels, many employers are struggling to find workers - a dilemma some economists attribute to mismatches between the skills of unemployed workers and employers' needs.
The jobless rate was 5.3% in July and dropped to 5.1% last month.