Thursday, June 7, 2018

The Hot, Hot Job Market

How hot is this economy? The U.S. had more job openings than unemployed Americans this spring. That’s the first time that’s happened since such record-keeping began in 2000.

U.S. job openings rose to a seasonally adjusted 6.7 million at the end of April, a record high. That's also more than the 6.3 million Americans who were unemployed during the month.

The largest number of April openings, 1.3 million, were in the broad business-services sector, which includes everything from accountants and software developers to temporary staffers and clerical workers. There were also ample job openings in lower-paying fields, with 844,000 accommodation and food-service jobs open in April and 735,000 unfilled retail positions.

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