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US job openings at highest level in 13 years

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Posted at 12:34 PM, Oct 07, 2014
and last updated 2014-10-07 13:37:01-04

In August, U.S. job openings rose to their highest point since 2001, even as hiring numbers fell.

According to the Department of Labor's Job Openings and Labor Turnover Survey released Tuesday, job openings were at a seasonally-adjusted 4.835 million, compared with 4.605 million in July.

The Federal Reserve has said they are monitoring the JOLTS report as they consider next steps on monetary policy, according to a Reuters report.

Despite the rise in job openings, the hiring rate decreased to 3.3 percent, down from 3.6 percent in July.

The number of total dismissals fell to 4.44 percent, down from 4.63 percent in July, and 2.47 million people quit their jobs in August.

Information from Reuters and Bloomberg was used in this report.