The number of available job openings in the U.S. increased substantially to 10.1 million openings by the end of June, the highest number on record, the Department of Labor revealed Monday.
It's a significant jump from the 9.2 million job openings reported in May. Leading economists surveyed by Dow Jones had only expected only 9.1 million openings in June, CNBC reported.
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The percentage of Americans quitting jobs increased while the number of layoffs or discharges remained the same. That indicates workers hold some leverage in negotiating with employers.
After taking massive hits amid last year’s shutdowns, the hospitality and travel industries had the highest amount of available positions -- more than 1.6 million. There was nearly the same number of jobs for healthcare workers.
“Labor demand keeps getting stronger. This is the third straight month of record-breaking job openings,” Indeed.com’s Nick Bunker told CNBC. “The quits rate is also close to its all-time high, which was set just two months ago in April. This wave of demand will eventually recede, but job seekers should ride it until then.”
The Labor Department conducted its jobs survey before releasing last month’s jobs report, which showed the U.S. economy had added more than 950,000 jobs in July. In addition, the agency reported 8.7 million people are currently job hunting, which indicates there are more job openings than available workers.
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