WASHINGTON — U.S. employers filled more of their available jobs in June, evidence that steady if modest economic growth is putting more Americans to work.
The Labor Department said Wednesday that total hiring rose 2.3 percent to 5.18 million in June, the most in six months and second-highest total since the recession ended in June 2009.
Employers posted fewer job openings, but that figure has risen strongly in the past year. And more people quit their jobs, which is a good sign because many people quit when they have new jobs lined up, typically at higher pay. More hiring, quitting and healthy levels of job openings could pressure companies to lift wages.
Hiring and quits “remain at levels consistent with a pickup in wage growth over the medium-term,” said Jeremy Schwartz, an analyst at Credit Suisse. “Indeed, this is a key reason to believe recent weakness in average hourly earnings … may be temporary.”
Job gains have been strong for the past two years but sluggish pay increases remain a weak spot in the economy.
Average hourly pay rose just 2.1 percent in July compared with a year earlier, the government said last week. That is far below the 3.5 percent to 4 percent gains that usually occur in a healthy economy.
The number of available jobs fell 2 percent in June to 5.25 million, down from a 15-year high of 5.36 million in May. Still, openings have soared 11 percent in the past year. The rise is a sign that companies are confident that demand for their goods and services will pick up and that they need more workers to meet that demand.
The government also said in last week’s monthly employment report that employers added a solid 215,000 jobs in July. The unemployment rate was unchanged at 5.3 percent.
Those figures are a net total: Jobs gained minus jobs lost. The data reported Wednesday, in the Job Openings and Labor Turnover survey, are more detailed. They calculate total hires, as well as quits and layoffs. Wednesday’s JOLTS data contain figures for June, a month behind last week’s jobs report.
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
