For more evidence that the labor market recovery is continuing, consider the Labor Department’s JOLTS report last week showing the U.S. had 6.6 million job openings in July—about as many as in December of last year. Many businesses are eager to hire, if they could find workers. Job openings increased by 617,000 in July while the number of “quits” climbed by 344,000. The quits rate generally increases as the economy improves and workers feel more confident. Notably, 1.2 million more workers quit in July than were laid off....

Source: Wall Street Journal September 13, 2020 21:06 UTC