Economy

Hires rise to highest level in 17 years

By Joseph Lawler
Published July 10, 2018 2:12pm ET
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Hires rise to highest level in 17 years
FILE - In this Aug. 14, 2013, file photo, people check out opportunities during a job fair in Miami Lakes, Fla. U.S. employers added 169,000 jobs in August, and the unemployment rate dropped to 7.3 percent, the lowest in nearly five years, according to the Labor Department, Friday, Sept. 6, 2013. | Alan Diaz/Associated Press

New hires are at the highest level in 17 years and the second highest on record the Department of Labor reported Tuesday, another sign that the labor market is nearing the best health it has seen in decades.

The total number of hires rose to 5.75 million in May, the agency reported, the most since January of 2001 at the height of the dotcom bubble.

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Jobs Labor Unemployment