Job Openings Hit 13-Year High In June

WASHINGTON (August 12, 2014) Employers in advertised the most monthly job openings in June in more than 13 years, the U.S. Labor Department said Tuesday.

The Labor Department says that employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million.

The number of advertised openings was the highest since February 2001, a positive sign that points to the possibility of stronger economic growth.

Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year.

Quit-rates usually rise when employees are finding new and better-paying jobs.

Hiring rose in June to 4.83 million, up from 4.74 million in May, but the hiring rate has not risen over the past year as quickly as the number of positions being advertised.

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