Washington, April 2 – The number of job openings in the United States rose by 8,000 to 8.756 million in February, the U.S. Labor Department reported on Tuesday.
The department revised January data down to 8.748 million unfilled positions, instead of the 8.863 million originally reported. The number of job openings in the United States reached a record 12 million in March 2022.
U.S. employers also added 120,000 people to their payrolls in February, for a total of 5.818 million. The number of employees who quit their jobs rose by 38,000 to 3.484 million in the second month of the year.
Key takeaways:
- Job openings in the U.S. hit a record high of 8.756 million in February.
- The number of people employed in the U.S. increased by 120,000 in February.
- The unemployment rate remained unchanged at 3.8% in February.
- The number of quits increased by 38,000 in February.
What does this mean?
- The strong labor market is a positive sign for the U.S. economy.
- Employers are struggling to find qualified workers.
- Wages are rising as employers compete for workers.
- The Federal Reserve is likely to continue raising interest rates to combat inflation.
