U.S. employers in June advertised the most monthly job openings in more than 13 years.
The Labor Department says that employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million. The number of advertised openings was the highest since February 2001, a positive sign that points to the possibility of stronger economic growth.
Continue Reading Below
Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year. Quit rates usually rise when employees are finding new and better-paying jobs.
Hiring rose in June to 4.83 million, up from 4.74 million in May. Still, the hiring rate has not risen over the past year as quickly as the number of positions being advertised.