TOPEKA, Kan. (WIBW) - The amount of job openings in the U.S. has hit unprecedented levels according to the U.S. Bureau of Labor Statistics.
Nationally, there were a record number of job openings in July, but there were also a record number of people quitting their jobs. Economists say the amount of people quitting their jobs may actually be a good thing.
"It seems to indicate the labor market is quite healthy that people are quitting jobs, because they expect to find another job or they already have found another one." Professor of Labor Economics Dr. Philippe Belley said.
Belley points out when employers aren't able to fill open positions - they try to make them more desirable.
"So you either make the job more appealing or you offer a higher wage or you offer better benefits,” he said.
It’s hard to know what to expect for the job market in the future, but Belley believes trends now are looking good.
"I would not be worried about the actual numbers because as the economy grows and the U.S. becomes more populous there’s more and more people working, “ Belley said, “So these numbers always go up."
According the Kansas Department of Labor the Midwest region has more job openings than other regions in the country, and outpaces the national average for both the hire and quitting rate, a good sign for our local economy.