Job Openings At An All Time High In July

Posted: Sep 9 2015, 12:57pm CDT | by , Updated: Sep 9 2015, 5:12pm CDT, in News | Latest Business News

 

This story may contain affiliate links.

Job Openings at an All Time High in July
Photo Credit: Getty Images

Don't Miss: This How to find Fingerlings in Stock

There is some good news for the business sector coming out of the Labor Department today. Employers advertised more jobs in July than they ever have before - 5.8 million jobs, which is up from 5.3 million jobs. The previous high was just broken in May. According to USA Today, professional and business services added 122,000 openings; trade, transportation and utilities, 73,000; and leisure and hospitality, 69,000.

Hires slipped a bit - from 5.2 million to 5 million, according to the Job Openings and Labor Turnover Survey. In a change of fate, employers were actually having problems filling spots in their businesses.

The number of people who quit their jobs was at 2.7 million. Quits actually indicate that a market is healthy because most people won't quit a job unless they have another one lined up or they have faith that they will have another one lined up.

In addition, there were just 1.4 unemployed workers for each job opening in July, down from 6.7 workers per opening in 2009.

Hourly earning growth is modest, around 2.2% annually.

The Federal Reserve is seeking signs of faster wage growth as it considers raising its benchmark interest rate for the first time in nearly a decade at its policy meeting next week.

Wednesday's report "might just take the (Fed) one step closer to raising rates at next week’s policy meeting," RDQ Economics wrote in a note to clients.

In total, the report is very good heading into the end of President Obama's term. The increased discussion of a minimum wage increase hasn't scared away any employers from hiring people who are right for the job. July was likely to be a high because of the new college graduates coming onto the market.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.

 

 

Advertisement

comments powered by Disqus