The US companies have announced less job openings in May than in the previous month, but their number exceeded the unemployed people for the second time in the past two decades. The Labor Ministry also reported that the share of employees leaving their jobs has reached its highest levels since April 2001.
According to the May Job Openings and Labor Turnover Survey, released on July 10, about 600,000 people started looking for a job, meaning they are now counted in official unemployment numbers. In May, the total number of unemployed was 6.56 million, up from 6 million in April. However, the total number of job openings in May was greater, at 6.62 million.
The departures are seen as a positive signal for people’s confidence that they will be able to find a new job. Most of those who change their jobs make it a higher salary, according to the economists.
The data reflects the strong labor market driven by the optimism of employers planning to increase their staff.
The employment report, published last week, showed that companies are hiring workers at a steady pace, and unemployment remains very low at 4%.
In May there were 6.64 million job openings in the United States and only 6 million unemployed people.