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Job Openings Jumped 9.6% in June, Hirings Hit Second Highest Level Ever Recorded
[Breitbart] American businesses hired workers at a blistering pace in June, data from the Labor Department showed Monday.U.S. employers hired 6.7 million workers in the month, the second-highest monthly total in records going back to 2000, according to the Labor Department’s monthly Job Openings and Labor Turnover Summary or JOLTS report. The highest total was hit in May, when businesses hired 7.2 million workers. Job openings rose 9.6 percent to a seasonally adjusted 5.9 million, beating economist expectations. Despite the rise, openings remain well below the pre-pandemic level of about 7 million. Job openings moved much higher during President Trump’s first year in office. Openings had stagnated in 2015, rarely rising about the 6 million mark and making little progress over time. Between December of 2016 and July, openings rose by over 1 million and had not fallen below 7 million until December 2019. Manufacturers hired 441,000 workers in June, down from 523,000 in May but above the year-ago level of 326,000. Durable goods makers hired 268,000 in the month, down a bit from 286,000 in May. Job openings rose to 336,000, up from May but below the pre-pandemic level. Posted by: Besoeker 2020-08-11 |
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