US job openings hit fresh record high in July
By Alexander Bueso
Date: Monday 01 Nov 2021
(Sharecast News) - The number of job openings in the US hit a fresh record high in July despite slower hiring as Americans increasingly chose to 'quit' their current employment.
According to the Department of Labor, in seasonally adjusted terms, the number of job openings jumped at a month-on-month pace of 7.4% to reach approximately 10.93m.
Yet hiring declined by 2.1% to roughly 6.7m.
Indeed, voluntary separations, which many observers interpret as a sign of greater confidence among workers, rose by 6.6% versus June to 3.98m.
That pushed the so-called 'quits rate' higher by two tenths of a percentage point from the month before to 2.7%.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN