U.s. Job Openings Rose To A New Record High In August, An Indication That The U.s. Economy Continued To Expand Rapidly As The Trade War With China Escalated And Hurricane Florence Hit The Carolinas.
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed job openings rose to 7.136 million. Economists had forecast 6.9 million.
The prior month was revised up to 7.077 million, the first time this number has ever exceeded 7 million. Until April of 2017, there had never been more than 6 million job openings.
This was the fifth consecutive month in which the number of vacant jobs exceeded the number of unemployed Americans. – READ MORE