What does this mean to us? Less production of goods and higher prices on what is left.
The number of job openings in the US rose by 749,000 from a month earlier to a new series high of 10.934 million in July 2021, and well above market expectations of 10.0 million, adding to signs of labor supply constraints.
Job openings increased in several industries, with the largest gains in health care and social assistance (+294,000); finance and insurance (+116,000); and accommodation and food services (+115,000). The openings level was up in the Northeast, South, and West regions.
Meanwhile, the number of hires declined by 160,000 to 6.667 million, while total separations including quits, layoffs and discharges, and other separations rose by 174,000 to 5.786 million.
2021-09-08
The number of job openings in the US rose by 749,000 from a month earlier to a new series high of 10.934 million in July 2021, and well above market expectations of 10.0 million, adding to signs of labor supply constraints.
Job openings increased in several industries, with the largest gains in health care and social assistance (+294,000); finance and insurance (+116,000); and accommodation and food services (+115,000). The openings level was up in the Northeast, South, and West regions.
Meanwhile, the number of hires declined by 160,000 to 6.667 million, while total separations including quits, layoffs and discharges, and other separations rose by 174,000 to 5.786 million.
2021-09-08