11/18/2018

U.S. job openings climb to record 6.9 million

Job openings rose from 6.82 million in June, the government said Tuesday.

About 5.68 million people were hired and 5.53 million lost their jobs in July. Such a high level of what economists call “churn” is common in the huge U.S. economy.

The share of people who left jobs on their own, known as the quits rate, rose a notch to a 2.7% among private-sector employees. The record is 2.9%, set in 2001.

The quits rate was 2.4% among all workers — also near a record high. The government began keeping track in 2000.

Workers who switch jobs usually get better pay than those who remain in their old ones. And more people switch when they are confident about the economy.

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