US job openings surged to a record high in July and more Americans voluntarily quit their jobs, pointing to sustained labor market strength and confidence that could soon spur faster wage growth. The Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS, released on Tuesday also suggested a further tightening in labor market conditions, with employers appearing to increasingly have trouble finding suitable workers. While the tightening labor market could boost wage gains, some economists warned that worker shortages could over time negatively impact ...
Record US job openings, more Americans voluntarily quit in July
Some economists warned that worker shortages could over time negatively impact economic growth