Share
WASHINGTON — U.S. employers posted a record job openings for the second consecutive month in July — more affirmation that the labor market is bouncing back from last year’s coronavirus recession.
Job openings rose to 10.9 million in July, up from the previous record of 10.2 million in June, the Labor Department reported Wednesday.
But the department’s Job Openings and Labor Turnover Survey (JOLTS) report showed that actual hiring dipped slightly to 6.7 million in July, from 6.8 million in June. Layoffs rose slightly to 1.3 million.
Nearly 4 million people quit their jobs, just shy of a record set in April, and up from 3.9 million in June. That suggests many Americans are confident enough in their prospects to seek something new.
“Overall, employers continue to struggle to find workers with the right skills, and those willing and able to work continue to be very selective,” Contingent Macro Advisors said in a research note.
Surge in COVID Cases Has Slowed Economic Growth
The job market, however, appears to have lost some momentum since July.
A surge in COVID-19 cases linked to highly contagious delta variant has at least temporarily slowed the U.S. economy’s strong recovery from last year’s brief but intense coronavirus downturn. The coronavirus uptick has taken a toll on consumer confidence and could discourage Americans from going out to bars, restaurants and shops — something they’ve been doing with gusto since the rollout of vaccines earlier this year.
The Labor Department reported Friday that the economy generated a disappointing 235,000 jobs last month — about a third what economists had expected and down sharply from 962,000 in June and 1.1 million in July. Restaurants and bars cut 42,000 jobs in August. Hotels added just 7,000, fewest since February.
RELATED TOPICS:
Clovis, Sanger, Madera, and Bass Lake Will Light the Sky With Fireworks Shows Tonight
1 day ago
Oil Dips Ahead of Expected OPEC+ Output Increase
1 day ago
613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN
1 day ago
Fresno County Authorities Investigating Suspicious Death of Transient Man
1 day ago
Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal
1 day ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Rachelle Maria Blanco
1 day ago
Russia Pounds Kyiv With Largest Drone Attack, Hours After Trump-Putin Call
1 day ago
How Trump’s ‘Big, Beautiful Bill’ Will Make China Great Again
11 hours ago
Categories

How Trump’s ‘Big, Beautiful Bill’ Will Make China Great Again

What’s Caitlin Clark Worth to the WNBA? A Lot More Than Her $78,066 Salary.

Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony

Clovis, Sanger, Madera, and Bass Lake Will Light the Sky With Fireworks Shows Tonight

Oil Dips Ahead of Expected OPEC+ Output Increase

613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN

Fresno County Authorities Investigating Suspicious Death of Transient Man
