Aug. 12 (Bloomberg) — Job openings rose in June to the highest level in more than 13 years, firming up the U.S. labor market picture for the second half of the year.
The number of unfilled positions climbed by 94,000 to 4.67 million, the most since February 2001, from a revised 4.58 million in May, a report from the Labor Department showed today.
Today's figures are among those on Federal Reserve Chair Janet Yellen's labor-market "dashboard," which she uses to help guide monetary policy. Rising openings, fewer firings and an increase in the number of people quitting their jobs would signal the improvement is broadening, which could prompt central bankers to raise interest rates faster.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.