U.S. job openings increased to over 10 million, the highest on record

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The number of job openings went up to 10.1 million on the last day of June, the highest on record, according to the U.S. Department of Labor (DOL) Bureau of Labor Statistics on Monday.

The professional and business services industry recorded the largest increase in job openings of 227,00. The retail trade industry added 133,000 while the accommodation and food services industry opened 121,000 jobs.

U.S. job openings and hiring June

Economists were expecting the U.S. economy to have 9.1 million job openings in June, according to a Dow Jones survey. Their expectation was less than the 9.2 million job openings in May.

The Bureau of Labor Statistics also reported that the number of hirings increased to 6.7 million, an increase of 697,000 in June. Hirings in retail trade increased 291,00, local government education climbed 94,000, and durable goods manufacturing rose 94,000.

In June, the total number of separations including quits, layoffs, and discharges climbed by 254,000 to 5.6 million. The level of separations in the professional and services industry went up 124,00 and in the durable goods and manufacturing industry increased 48,000.