U.S. Job Openings Reach Record High 9.2 Million in May U.S. job openings rose to a fresh record high in May, underscoring persistent hiring difficulties and reflecting more vacancies in the health care, education and hospitality industries. The number of available positions climbed to 9.21 million during the month from a downwardly revised 9.19 million in April, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The availability of vaccines paired with a broader reopening of the economy has spurred a snapback in economic activity in recent months, but consumer demand has largely outpaced businesses’ ability to hire. In a race to increase headcount, many businesses have begun raising wages and offering incentives like hiring bonuses to attract applicants. The number of people who voluntarily left their jobs decreased to a still-lofty 3.6 million in May, as the quits rate dropped to 2.5%. Quits fell […]

Posted in: USA