U.S. Job Openings Exceeds Unemployment Numbers for First Time
For the first time on record, the Labor Department is reporting that April job openings exceeded the number of unemployed in the U.S. Job openings are now reportedly at 6.7 million, the most since December 2000 when records were first collected. Meanwhile, the unemployment rate has reached an 18-year low of 3.8%. Employers through April had added jobs for 92 straight months, resulting in the reported 0.95 jobless people per opening. This is remarkable when considering that in July 2009, at the end of the “Great Recession,” there were on average 6.7 unemployed people per opening. See The Washington Post.