CNBC: There are more jobs than people out of work, something the American economy has never experienced before

There are more job openings than people out of work in the American economy, with 6.7 million open positions and 6.35 million workers looking for jobs.

Read the original at 1851 Franchise
CNBC: There are more jobs than people out of work, something the American economy has never experienced before

TL;DR

There are more job openings than people out of work in the American economy, with 6.7 million open positions and 6.35 million workers looking for jobs. The monthly Job Openings and Labor Turnover Survey stated that there were 6.7 million open positions in April and 6.35 million workers looking and eligible for jobs.

Today, CNBC reported that for the second month in a row, there are more job openings than there are workers. The monthly Job Openings and Labor Turnover Survey stated that there were 6.7 million open positions in April and 6.35 million workers looking and eligible for jobs.

"Given these trends, the sluggish wage growth rate is even more perplexing," said Cathy Barrera, chief economist at ZipRecruiter, an online employment marketplace. "If employers want to fill these 6.7 million job openings, they are either going to have to raise wages or find more clever and creative ways to recruit workers off the sidelines."

Employers have long complained about the difficulty of finding qualified workers. Wage gains and an aging workforce are other factors employers site when having trouble hiring. While the unemployment rate has dropped to 3.8 percent, a record 95.9 million of those are not counted in the labor force.

In this story

This story was originally published in 1851 Franchise on June 5, 2018. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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