US Job Openings Hit a Record 7.3 Million
US Job Openings Hit a Record 7.3 Million The Labor Department reports a 2.4% jump in December job openings.
Job openings continue to outnumber the unemployed.
Such a surge indicates that companies expect to need more employees to meet demand.
Lower paying jobs with the biggest increases include positions in the restaurant, hotel and healthcare industries.
Higher paying jobs in the field of architecture and engineering reported the biggest increases.
The data also showed a December hiring boost with a steady number of people who quit.
Hourly pay is up slightly, with wage increases at a modest 3.3% as compared to the expected 4%.