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ECONOMY

Job openings soar to 10.9 million as companies struggle to fill positions

PUBLISHED WED, SEP 8 202110:37 AM EDT

Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM

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KEY POINTS

• The Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open.
• That was well above the 9.9 million FactSet estimate and the 10.2 million from June.

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VIDEO01:01

July JOLTS: 10.9 million job openings and labor turnover took place in July

Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies, the Labor Department reported Wednesday.

The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total of 10.18 million.

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