Job Openings Have Spiked In The US

We have another positive release for the US labor markets today as the number of job openings has increased by about 500k jobs in the past two months. According to the JOLTS report released this morning, the current level of 4.635 million jobs is the most job openings since June 2007.

The increase in job openings over the past couple of months has been lead by the Professional and Business Services industry as well as the Education and Health Services industry.  There are more job openings in the Professional and Business Services industry than at any point since January 2003. The current level is the second largest number of job openings in the 13 1/2 year history of the JOLTS report.