Search
Close this search box.

U.S. Job Postings Rise To 6.6 Million In July

FILE - In this June 4, 2020 file photo, a pedestrian wearing a mask walks past a reader board advertising a job opening for a remodeling company, in Seattle. U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves the job market far below its pre-pandemic levels. The payroll company ADP said that small businesses reported the largest gain, adding 937,000 jobs. Construction firms and restaurants and hotels also posted big increases in hiring. (AP Photo/Elaine Thompson, File)

U.S. employers advertised more jobs but hired fewer workers in July, sending mixed signals about the job market in the wake of the coronavirus outbreak.

The Labor Department said Wednesday that the number of U.S. job postings on the last day of July rose to 6.6 million from 6 million at the end of June. A year earlier, employers posted 7.2 million job openings.

Hiring dropped to 5.8 million from 7 million in June. The number of Americans laid off or discharged fell to 1.7 million from nearly 2 million in June.

“Overall, this report confirmed a continued but decelerating recovery for the labor market,” Contingent Macro Advisors said in a research note.

The government reported last Friday that the U.S. economy generated 1.4 million new jobs in August, down from 1.7 million in July and 4.8 million in June. The U.S. has recovered just under half the 22 million jobs lost when the pandemic hit the country hard in March and April, forcing businesses to close at least temporarily.

More than 2.9 million quit their jobs in July, up from 2.6 million in June. The uptick was unusual because people are usually reluctant to leave jobs when the job market is weak. But some people appear to be staying home to avoid infections and others are taking care of children who can’t go back to school because of the pandemic.

The job listing website Indeed reports that job postings in late August were running 20% below a year earlier. Listings at hospitality and tourism companies were running 47% below last year, Indeed found.

(AP)



Leave a Reply


Popular Posts