Job Openings Rise Unexpectedly In July; Positions Open For Every Unemployed Person

US – Job openings in the United States rose unexpectedly in July, with two positions open for every unemployed person. The number of available job posts edged up to 11.24 million in July, according to the Bureau of Labour Statistics. 

According to the Job Openings and Labour Turnover Survey (JOLTS), the number increased unexpectedly from June. It showed that the U.S. labour market is still extremely tight. It also reinforced that there is still a considerable shortage of workers for available positions in the country, with openings outpacing available workers by a 2-to-1 margin.

There were about two jobs for every unemployed person in July in the US. Retail trade, transportation, warehousing and utility sectors witnessed the most significant vacancies increase in July. Arts, entertainment and recreation also posted more job openings in July. 

According to CNBC, employers are forced to offer higher compensation to attract workers to fill in the job openings amid inflation. Job vacancies have exceeded 11 million since late last year.

Related Posts

Reportedly, The imbalance between labour demand and supply continues to drive the wage growth that affects Federal Reserve efforts to cool down inflation

Reportedly, around 4.2 million Americans quit their jobs in July, increasing the number of job vacancies in the US labour market. A separate report also revealed that around 48 percent of Americans said jobs were “plentiful” in August. 

The JOLTS data precede Friday’s monthly jobs report from the BLS, which is currently forecast to show that the US added more than 300,000 payrolls in August.

Earlier, a report by BLS showed that the US government added 57,000 new jobs to the US economy in July. The hospitality sector led the way in job growth by adding 96,000 new jobs.

Reportedly, analysts are expecting the unemployment rate to hold at 3.5 percent—matching a 50-year low.

About Senior Reporter

With over more than 6 years of writing obituaries for the local paper, Senior Reporter has a uniquely strong voice that shines through in his newest collection of essays and articles, which explores the importance we place on the legacy.

Senior Reporter

With over more than 6 years of writing obituaries for the local paper, Senior Reporter has a uniquely strong voice that shines through in his newest collection of essays and articles, which explores the importance we place on the legacy.

Recent Posts

Green Energy Transition Must Balance Prosperity and Equality, Says UN Deputy Chief

The leadership of the UN is beginning to promote a fairer scheme for the shift to the use of renewable…

November 5, 2024

Suffolk Farmers Mobilize to Protest Labour’s “Old McDonald Tax” in a Smelly Show of Defiance

Hundreds of irate Suffolk farmers are getting ready to gather in Parliament on November 19 with what they are calling…

November 5, 2024

Keir Starmer Pledges to Double Border Funding to Tackle Channel Crossings

In order to reduce the number of migrants crossing the English Channel in small boats, Prime Minister Keir Starmer has…

November 5, 2024

Is DR Congo set to change its presidential term limits?

The political situation in the Democratic Republic of Congo is turning a bit controversial lately. During a speech on October…

November 4, 2024

Exploring “The Office” Through the Lens of Situational Leadership: Leadership Lessons from Dunder Mifflin’s CEO-Inspired Antics

Fans of “The Office" have always found great entertainment value in Michael Scott's unconventional management style at Dunder Mifflin, but…

November 4, 2024

In Focus: Strikes on Gaza polio vaccine campaign and UNICEF staff member

The northern Gaza polio vaccination drive seeks to reach more than 100,000 children to ensure that the paralysing virus does…

November 4, 2024

This website uses cookies.

Read More