The economy has reached a point of such strength that there are now more job openings in the U.S. than there are unemployed. Overall in June, the number of available jobs exceeded the number of unemployed Americans by nearly 100,000.
There were 6.7 million job openings on average in the three months ended in June—the highest quarterly level on record dating back to 2001. The number of available jobs grew by nearly 750,000 this spring, compared with a year earlier, according to Labor Department data released this week.
The problem is most acute in a few fields, led by transportation. The number of unfilled jobs in transportation, warehousing and utilities, combined, grew by 109,000 over the past year to 298,000, a 58 percent increase. That's the largest growth rate of about 20 broad groupings tracked by the Labor Department.