June Job Openings Highest in Four Years
Highlights from today's Job Openings and Labor Turnover report from the BLS:
1. There were 3.76 million total job openings and 3.4 million private job openings on the last day of June, up from 3.65 million openings and 3.28 million, respectively, in May. The number of job openings has been steadily trending upward since the end of the recession in June 2009 (see top chart above).
2. Private job openings in June were at the highest level in more than four years, since May 2008, and total June job openings were the highest since July 2008.
3. The overall number of seasonally adjusted job openings in June increased over the year by 16% and for total private openings by almost 17%. Openings for government jobs fell by 12.8% over the year.
4. June job openings in the manufacturing sector were above 300,000 for the second time this year, a level of factory job openings not seen since 2007.
5. In another sign that the labor market is slowly recovering, the number of private workers voluntarily quitting their jobs has been steadily increasing since the recession ended and been around the 2 million level for the last four months starting in March. That's up by about 31% since the recession-related low of 1.51 million quits in September 2009.