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US: Job openings reached a series high of 7.1 million in August

“The number of job openings reached a series high of 7.1 million on the last business day of August,” the  U.S. Bureau of Labor Statistics announced on Tuesday.

Key takeaways from the press release

  • Over the month, hires and separations were little  changed at 5.8 million and 5.7 million, respectively.
  • Within separations, the quits rate was unchanged at  2.4 percent and the layoffs and discharges rate was little changed at 1.2 percent.
  • The number of hires in August reached a series high of 5.8 million. The hires rate was 3.9 percent.
  • Hires were little  changed in all industries and in all four regions.

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