Economics
US Job Openings Unexpectedly Rise to 11.2 Million, Near a Record
- Vacancies have exceeded 11 million since late last year
- Quits rate edged down in July to a more than one-year low
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US job openings rose unexpectedly in July after a sizable upward revision to the previous month, underscoring persistent tightness in the labor market as employers compete for a limited supply of workers.
The number of available positions edged up to 11.2 million in the month -- topping all estimates -- from a revised 11 million in June, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday.