Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies.
Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies, the Labor Department reported Wednesday.
That number swamped the 8.7 million level of those out of work and looking for jobs in July. JOLTS data runs a month behind the regular nonfarm payrolls report, which reported growth of 1.05 million for July.even as the total unemployed dipped to just shy of 8.4 million. From an industry standpoint, the rate jumped to 10.7% from 10.2% in the critical leisure and hospitality field, which suffered the most during the Covid-19 pandemic. Openings rose to 1.82 million, a total gain of 134,000 from June.
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