WASHINGTON, D.C. — U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence the job market is strong despite several challenges facing the economy.
The Labor Department said Tuesday job openings jumped 2.4 percent in December to 7.3 million. That is the most since records began in December 2000. It is far greater than the number of unemployed, which stood at 6.3 million that month.
Businesses have shrugged off the 35-day partial government shutdown began Dec. 22, and weakened growth in China, Europe and Japan, threatening U.S. exports. Still, employers added 304,000 jobs in January, the government said, the most in nearly a year.
The jump in openings in December suggests hiring will remain robust. Openings are typically filled within 1 to 2 months. The surge in jobs indicates businesses expect demand to remain healthy and they will need more employees to meet it.
Tuesday’s data showed employers boosted hiring in December, while the number of people who quit remained unchanged at a healthy level of about 3.5 million.
Higher quits are a typical sign of a dynamic job market, as most people quit to take a new job.
The number of unemployed typically runs far ahead of job openings, but that switched early last year.
That could mean potentially stronger wage gains are in store in the months ahead. With job postings so high at a time that the unemployment rate is at a very low 4 percent, businesses may be forced to pay more to attract the workers they need.
Paychecks are already increasing, though at a modest pace. Average hourly pay rose 3.2 percent in January from a year earlier, the government said earlier this month. That’s near December’s figure of 3.3 percent, which matched the best pay gain in almost a decade. Wage increases typically top 4 percent when the unemployment rate is this low.
Many industries with the biggest increases in jobs include lower-paying jobs. Restaurants and hotels advertised more than 1 million jobs, 84,000 more than in November. Health care job postings rose 79,000 to 1.2 million. Professional and business services rose 82,000 to 1.34 million.
Available jobs in manufacturing, meanwhile, fell 67,000 to 428,000. They also dropped in retail and financial services.