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WSJ: Job Openings Outnumber Unemployed Americans by Over 1 Million

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By    |   Tuesday, 06 November 2018 10:14 AM

Unfilled jobs in the U.S. exceeded the number of unemployed Americans by more than one million as the summer came to a close, a sign it is increasingly difficult for employers to find workers, The Wall Street Journal reported.

The number of job openings decreased to 7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported, after reaching a revised record high of 7.3 million in August.

That compares with 5.96 million jobless Americans actively looking for work during the month that the unemployment rate fell to a 49-year low of 3.7%, the Journal reported.

The report from the Labor Department is the latest evidence that U.S. companies are straining to fill jobs in the face of a robust job market with low unemployment, the Associated Press reported.

The department says job openings declined 4 percent to roughly 7 million, close to the highest levels on records dating back to December 2000. The number of openings far exceeded the roughly 6 million people who were unemployed in September.

The number of available jobs, in fact, has topped the number of unemployed for six straight months. Steadily strong hiring has lowered the U.S. unemployment rate to a nearly five-decade low of 3.7 percent.

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Economy
Unfilled jobs in the U.S. exceeded the number of unemployed Americans by more than one million as the summer came to a close, a sign it is increasingly difficult for employers to find workers, The Wall Street Journal reported.
job, openings, jolts, economy
209
2018-14-06
Tuesday, 06 November 2018 10:14 AM
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