Thursday, August 13, 2015

Behind the Hiring Trends

The number of job openings in the U.S. fell slightly in June - but that might not be a bad thing. After peaking at a record 5.36 million in May, job openings slipped to 5.25 million in June, according to the  Labor Department’s Job Openings and Labor Turnover Survey, known as Jolts.

That's in part because more people are getting hired. Hires climbed to their highest level of the year in June at 5.12 million, and the number of Americans voluntarily quitting their jobs climbed to 2.75 million, up slightly from 2.73 million in May.

According to the Labor Department, the number of people voluntary quitting jobs tends to rise when people are confident about job prospects.  In recent months, while the number of quitters has held fairly steady, a gap between job openings and hires has opened, which suggests employers haven’t been able to find workers with the desired skills at the salary they're offering.

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