---
title: "CNBC: There are more jobs than people out of work, something the American economy has never experienced before"
url: https://burnaze.com/article/87997567-e711-44a5-9355-b07591040b23
source: "1851 Franchise"
original_url: https://1851franchise.com/cnbc-there-are-more-jobs-than-people-out-of-work-something-the-american-economy-has-never-experienced-before-2706722
category: "Finance"
topics: ["Finance & M&A"]
published: 2018-06-05T20:15:26.000Z
modified: 2026-11-01T02:31:48.085Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/8ef8520a49ac2e6934e91a30f6a6a65f3160.jpg
---

# 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.

*originally published in 1851 Franchise on 2018-06-05. [Read the original](https://1851franchise.com/cnbc-there-are-more-jobs-than-people-out-of-work-something-the-american-economy-has-never-experienced-before-2706722).*

## Story

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.

## Entities

- 1851 Franchise (publication)
- General (sector)
- job market (topic)
- unemployment rate (topic)
- wage growth (topic)
- labor force (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/cnbc-there-are-more-jobs-than-people-out-of-work-something-the-american-economy-has-never-experienced-before-2706722). Summarized by Burnaze (https://burnaze.com/article/87997567-e711-44a5-9355-b07591040b23).