WASHINGTON (AP) — U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, evidence that businesses are still hungry for workers despite signs the economy has slowed.
The Labor Department said Friday that hiring also rose and the number of people quitting their jobs picked up. Quits are a sign of a healthy economy, because people typically leave a job for another, usually higher-paying, one.
The tally of available jobs now outnumbers the unemployed by roughly 1 million. Openings began to outpace the unemployed last spring, for the first time in the 18 years the data has been tracked.
“The question now is, will workers be increasingly tempted to switch to new jobs or will their current employers raise wages to keep them?” said Nick Bunker, an economist at job listings website Indeed.
The strong job market is already pushing up wages more quickly, with hourly wages rising in February at the fastest pace in nine years.