x

Economy

Another Record for US Job Openings; 10.9 Million in July

September 8, 2021

WASHINGTON — U.S. employers posted a record job openings for the second consecutive month in July — more affirmation that the labor market is bouncing back from last year's coronavirus recession. 

Job openings rose to 10.9 million in July, up from the previous record of 10.2 million in June, the Labor Department reported Wednesday. 

But the department's Job Openings and Labor Turnover Survey (JOLTS) report showed that actual hiring dipped slightly to 6.7 million in July, from 6.8 million in June. Layoffs rose slightly to 1.3 million. 

Nearly 4 million people quit their jobs, up from 3.9 million in June. That suggests many Americans are confident enough in their prospects to seek something new.

The job market, however, appears to have lost some momentum since July.

A surge in COVID-19 cases linked to highly contagious delta variant has at least temporarily slowed the U.S. economy's strong recovery from last year's brief but intense coronavirus downturn. The coronavirus uptick has taken a toll on consumer confidence and could discourage Americans from going out to bars, restaurants and shops — something they've been doing with gusto since the rollout of vaccines earlier this year. 

The Labor Department reported Friday that the economy generated a disappointing 235,000 jobs last month — about a third what economists had expected and down sharply from 962,000 in June and 1.1 million in July. Restaurants and bars cut 42,000 jobs in August. Hotels added just 7,000, fewest since February.

RELATED

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Man of God Opens in Australia & New Zealand on June 2, Canada June 3

NEW YORK – Man of God, the inspirational and award-winning story of Saint Nektarios — one of the most renowned Greek orthodox saints — continues to captivate audiences around the world.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.