The US labor market, long stuck in a low-hire, low-fire cycle, is starting to show some signs of life. The latest official labor turnover data showed that employers increased hiring efforts in June, a slight but welcome ramp-up.
Labor Market Trends
The number of job openings has trended higher in April and May, indicating employers’ appetites were growing to expand their workforces; however, hiring remained muted. That started to change a little in June, according to the latest Job Openings and Labor Turnover Survey released by the Bureau of Labor Statistics.
Hiring activity hit a three-month high. The number of job openings edged lower to 7.36 million but remained above levels seen last year.
Original reporting: KRDO (Colorado Springs metro) — read the source article.
