The Labor Department on Thursday reported that job openings fell in June but remained historically high despite the Federal Reserve's interest rate hike campaign.
Morningside Evaluations managing director Josh Eisen on why the labor shortage has resulted in high paying summer jobs.
The Labor Department said Thursday that there were 9.8 million job openings at the end of May, down from the upwardly revised 10.3 million openings reported in the previous month. Economists surveyed by Refinitiv expected a reading of 9.93 million.began in early 2020, the highest on record was 7.6 million. There are still roughly 1.7 jobs per unemployed American.
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