Job openings in the United States surged to a record high of more than 10 million on the last day of July, while hiring lagged that figure by more than 4 million, painting a picture of an economic recovery held back by businesses struggling to fill vacant positions.
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), released Sept. 8, showed that the number of job vacancies jumped by 749,000 to 10.9 million on the last day of July.
