Job openings in United States jump to record 6.55mn in March

Job openings in US jump to record 6.55mn in March

Job openings in US jump to record 6.55mn in March

The ratio peaked at 6.6 unemployed people per job opening in July 2009 and has been falling steadily ever since.

March's job openings were the highest since the data series started in December 2000 and pushed the job openings rate up three-tenths of a percentage point to 4.2 per cent. That compares with the 6.585 million unemployed workers in March - just 35,000 more than the number of available positions. That's left more jobs unfilled. But hiring fell to 5.4 million from 5.5 million in February, suggesting a skills mismatch.

Nick Bunker, an analyst at the Washington Center for Equitable Growth, says he thinks the record-high number of job openings in part stems from weak wage gains.

There were 112,000 additional vacancies in the professional and business services industries.

There's a job vacancy waiting to be filled for every unemployed American - nearly.




In March, job openings were concentrated in the Midwest and Northeast regions.

Typically, as unemployment falls, employers advertise fewer job openings because it tends to cost them more to recruit and pay new employees. It suggests that workers feel sufficiently confident in job-market opportunities out there that they're willing to leave their work.

Yet a separate measure of average hourly pay increased just 2.6 percent in April from a year earlier, even as the unemployment rate dropped to a 17-year low of 3.9 percent.

"Quits are also a source of upward pressure on wages", said Sarah House, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. More Americans than in the past are staying in their jobs rather than switching to new ones for higher pay. That should be pushing up wages, yet paychecks are growing at only a modest pace. In March 2018, it fell to 1.

Recommended News

  • Fresh Israel missile attack reportedly targets Iran base in Syria

    Fresh Israel missile attack reportedly targets Iran base in Syria

    On April 29, Israel was suspected of more strikes in Hama and Aleppo, reportedly killing at least 18 pro-Iranian fighters. Israel then destroyed what it describe as the Iranian command and control center in Syria that dispatched the drone.
    Barca president admits to meeting French star's representatives

    Barca president admits to meeting French star's representatives

    "This was last October, a meeting, nothing more". "But it's not the moment to talk about these matters". You can not talk about players who play at other clubs".
    Meghan Markle's father to walk her down the aisle at royal wedding

    Meghan Markle's father to walk her down the aisle at royal wedding

    If it was not for their dad, he said Meghan would be "busing (sic) tables and baby sitting to pay her old debt off". Jason Knauf, Kensington Palace's communications secretary, said: "Ms Markle will not be having a maid of honour".
  • Iowa Has the Most Restrictive Abortion Ban i

    Iowa Has the Most Restrictive Abortion Ban i

    Supporters of the "heartbeat bill" said they hope the state's law will challenge Roe vs. For example, a similar effort in OH failed in 2016 when Republican Gov.
    Tony Bellew beats David Haye: Bellew eyes Tyson Fury and Andre Ward

    Tony Bellew beats David Haye: Bellew eyes Tyson Fury and Andre Ward

    Hearn said: "When you see who Tyson Fury fights over the next three or four fights, he wont go near Tony Bellew ". The post #BellewHaye2: Tony Bellew Knocks Out David Haye To Win Rematch appeared first on 360Nobs.com .
    Waymo van involved in serious collision in Arizona

    Waymo van involved in serious collision in Arizona

    Accidents involving self-driving vehicles have raised questions over whether the technology is ready for testing with the public. The accident occurred less than two months after a self-driving Uber SUV struck and killed a pedestrian in nearby Tempe.
  • What 3.9% Unemployment Tells Us About the Economy

    What 3.9% Unemployment Tells Us About the Economy

    Blue: absolute numbers; Red: As a percentage of the noninstitutional population 16 years and over. Over the past year, wages have come up by an average of 67 cents, or 2.6 percent.
    Lucarelli basks in Derby dream with Justify

    Lucarelli basks in Derby dream with Justify

    Justify is the sixth consecutive favorite to win the Derby, extending the longest streak of favorites winning in race history. Since then, he's accumulated over 4,500 wins in more than 19,760 starts and earnings in upwards of $359 million.
    Manchester United boss Jose Mourinho explains Alexis Sanchez omission

    Manchester United boss Jose Mourinho explains Alexis Sanchez omission

    They were absolutely terrible tonight, terrible. "It was not good enough ", declared a straight-talking Mourinho. Meanwhile, Ashley Young told MUTV that United's performance against Brighton wasn't acceptable.
  • McCain does not want Trump at his funeral

    McCain does not want Trump at his funeral

    When it is time to mourn and say goodbye to John McCain , the US Senator has already taken that decision out of Trump's hands. McCain and Trump have had a tumultuous relationship since the president came bursting onto the political scene.
    White House to China: Cut the 'Orwellian Nonsense'

    White House to China: Cut the 'Orwellian Nonsense'

    While in OH on Saturday, the Guardian reports that Trump alluded to the negotiations, saying, "My group just got back from China". The sharp criticism comes on the heels of contentious trade talks with China earlier this week.
    Surrey sign Kohli to play all formats in June

    Surrey sign Kohli to play all formats in June

    He will then play the second and third match of the Royal London Cup June 3 and 6 against Middlesex and Glamorgan respectively. With Kohli confirmed to be absent now, Ajinkya Rahane, the Test vice-captain, is likely to lead India against Afghanistan.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.