Job openings and quit rates surge to record high

A help wanted sign.
(Image credit: Joe Raedle/Getty Images)

As job openings surge, Americans are increasingly quitting their jobs.

Both job openings and the quitting rate rose in July, Bloomberg reported Tuesday. New data from the Labor Department shows that the number of open positions is at a record high compared to recent decades, and more people quit their jobs than any other time since 2001. The two statistics could push wage growth, as sustained labor market strength increases competition for qualified workers.

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Summer Meza, The Week US

Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.