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THE BIG DEAL Job openings stayed at record high of 9.2 million in May: Job openings held at a record high of 9.2 million in May while resignations dropped slightly from a historic peak, according to data released Wednesday by the Labor Department.
The number of open jobs on the final business day of May changed little from the peak set in April.
Quits fell to 3.6 million from a record high of 3.9 million in April, but remained well above levels seen earlier in the year.
“It’s a job seeker’s market as worker demand remains at record highs,” said Daniel Zhao, senior economist at Glassdoor, in a Wednesday analysis. “Elevated quits emphasize that labor shortages are a double whammy for employers it s not just harder to hire workers, it s also harder to retain them.” I explain here.
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