Due to the U.S. labor market’s continuing recovery from the previous year’s economic shutdowns, the count of job openings in the U.S. economy increased to more than 10 million in June, as reported by the Labor Department on Monday.
The report said that there were 10.1 million open jobs on the last day of June from 9.2 million in May.
The leisure and hospitality industry displayed one of the highest levels of job openings of more than 1.6 million. Social assistance and Health care added 1.5 million job openings.
Although the unemployment rate is above 5% and still the economy is millions of jobs short of times before the pandemic, many businesses reported trouble finding workers.
Hiring Lab director of research, Nick Bunker said, “Labor demand keeps getting stronger. This is the third straight month of record-breaking job openings. 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.”