U.S. employment opportunities rise to 5.9 million in June
U.S. employment opportunities expanded in June however stayed below their pre-COVID-19 pandemic level, supporting the view that it could take the work market a very long time to retain a huge number of jobless individuals. Employment opportunities, a proportion of worker demand, rose 518,000 to 5.9 million on the last day of June, the Labor Department said on Monday in its month to month Job Openings and Labor Turnover Survey, or JOLTS. Openings were below their level of 7 million in February. The employment opportunities rate expanded to 4.1% from 3.9% in May. The report followed closely news last Friday that the economy made 1.763 million occupations in July, decelerating from a record 4.791 million in June. The economy has recaptured 9.3 million of the 22 million positions lost among February and April. (Announcing by Lucia Mutikani Editing by Paul Simao) U.S. employment opportunities ascend in June, likely misrepresent work market health U.S. employment opportunities expand...