The number of job openings in the U.S. jumped to 10.9 million in July, according to Department of Labor data released Friday.
The total number of unfilled jobs available set a record again, topping the 10.2 million jobs open at the end of June. The glut of open jobs comes as employers open businesses back up after widespread government-mandated and pandemic-induced shutdowns.
“The number of job openings increased to a series high of 10.9 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.7 million and 5.8 million, respectively. Within separations, the quits rate was unchanged at 2.7 percent while the layoffs and discharges rate was little changed at 1.0 percent,” the Bureau of Labor Statistics reported Wednesday.
The number of open jobs in relation to the labor force continued to balloon in July. According to CNBC: “The rate of job openings measured against the total labor