Job Openings Increased by More Than 5 Million in the U.S. Even During the Covid-19 Pandemic

Written by Valdemar Medeiros

Published on 10/08/2020 at 15:40

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Job Openings in the U.S. Increased in June, but the Rise in Job Openings Was Accompanied by an Increase in the Number of Workers Who Quit Their Jobs

At the end of June, there was a significant number of job openings in the U.S., about 5.9 million jobs created. Even with a slight decline in construction, more than 70,000 job openings were still recorded. Furthermore, in June, the number of hires decreased to 6.7 million (-503,000), the second highest level in the series history, with the series high occurring in May of this year.

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Despite the reported increase in job openings by the Department of Labor this Monday, job openings remained below pre-pandemic levels, sustaining the view that the labor market may take years to recover from the public health crisis.

“Perhaps the increase in job openings is less about adding workers, but filling positions left by workers who quit due to virus concerns, lack of childcare options, or similar reasons,” said Nick Bunker, research director at the Even Hiring Lab.

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“From the same perspective, an increase in quits is generally a sign of worker confidence in the health of the labor market. At the moment, it’s hard to see workers feeling that confident with unemployment in the double digits,” states Nick.

Job Openings in the Hospitality and Food Industry Experienced a Surge

Finally, there were 198,000 additional job openings in the hospitality and food industry. Job openings also increased in the health and social assistance sector. Overall, the job opening rate rose from 3.9% in May to 4.1%.

Job Openings Increased by More Than 5 Million in the U.S. Even During the Covid-19 Pandemic

Job Openings in the U.S. Increased in June, but the Rise in Job Openings Was Accompanied by an Increase in the Number of Workers Who Quit Their Jobs

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Job Openings in the Hospitality and Food Industry Experienced a Surge

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Job Openings Increased by More Than 5 Million in the U.S. Even During the Covid-19 Pandemic

Job Openings in the U.S. Increased in June, but the Rise in Job Openings Was Accompanied by an Increase in the Number of Workers Who Quit Their Jobs

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