Author Topic: Job Openings Top 8 Million for First Time Ever, Adding to Worries of Labor Shortage  (Read 176 times)

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Job Openings Top 8 Million for First Time Ever, Adding to Worries of Labor Shortage

John Carney 11 May 2021

Businesses in the U.S. would be on a hiring spree if only they could find workers willing to fill open jobs.

Job openings in the U.S. jumped to 8.1 million in March, a record high, the Labor Department said Tuesday.

The number of job openings is not only above pre-pandemic levels, it exceeds the total job deficit from the pre-pandemic level. According to the Department of Labor, there were 7.6 million fewer people in employed in April 2021 than February 2020.

The openings level also exceeds the all-time peak of 7.57 million set in November 2018. Economists had forecast 7.455 million openings following the initial report of 7.367 million in February. February’s number was revised up to 7.5 million.

Despite the record number of openings and better than expected rise, hires were little changed from the previous month at 6 million.

Many businesses say they are having troubling hiring workers to fill open positions. A record 44 percent of small business owners said they could not fill open jobs in April, according to a survey released Tuesday by the National Federation of Independent Business.

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https://www.breitbart.com/economy/2021/05/11/job-openings-top-8-million-for-first-time-ever-adding-to-worries-of-labor-shortage/
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