Job openings reach unprecedented levels, and so does quitting

By The Associated Press

By Christopher Rugaber, The Associated Press

U.S. employers advertised the most jobs on record in July, and the number of workers quitting their jobs also hit a new all-time high.

Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs. That could help push up wages broadly across the economy.

The Labor Department said Tuesday that the number of job openings rose 1.7 percent to 6.9 million, the most on record dating back to late 2000. The number of people quitting jumped 3 percent to 3.58 million, also a record. Quits are typically a good sign that [READ MORE HERE]

Source: OC Register Sports

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