News

Economy & Business

Job Openings Started Outstripping Job Seekers in March

(Mike Blake/Reuters)

The U.S. economy reached a record 6.7 million job openings in April, the Department of Labor stated Tuesday, hundreds of thousands more than the number of unemployed workers.

March and April both saw the number of job openings outstrip the number of unemployed workers.

There were 6.7 million job openings in April and only 6.35 million job seekers. The previous month saw 6.63 million job openings, more than the 6.59 million unemployed workers.

The number of openings has never been higher than the number of job seekers since the government started counting employment opportunities in 2000.

May saw 223,000 jobs added to the U.S. economy.

“Never before have we had an economy where the number of open jobs exceeds the number of job seekers,” remarked Labor Secretary Alexander Acosta. “This administration is committed to ensuring that all Americans have the necessary skills to access good, family-sustaining jobs.”

However, the Labor Department includes in the number of employed those who are working part-time or have temporary employment.

Just after the Great Recession in 2009, there were over six unemployed workers for every job opening, an estimate that has continued to shrink.

The increase in job openings is expected to increase wages, but economists have expected wage growth for the past few years and it did not occur.

Business-services saw the biggest jump with 1.3 million more job opportunities in April. Manufacturing and information jobs also also saw a sizable increase.

Unemployment dropped to 3.8 percent in May, the lowest since April, 2000 and down from 3.9 percent in April, the Labor Department stated earlier this month.

Most Popular

U.S.

Yes, Hillary Should Have Been Prosecuted

I know this is ancient history, but — I’m sorry — I just can’t let it go. When historians write the definitive, sordid histories of the 2016 election, the FBI, Hillary, emails, Russia, and Trump, there has to be a collection of chapters making the case that Hillary should have faced a jury ... Read More
Law & the Courts

Yes, There Was FBI Bias

There is much to admire in Justice Department inspector general Michael Horowitz’s highly anticipated report on the FBI’s Clinton-emails investigation. Horowitz’s 568-page analysis is comprehensive, fact-intensive, and cautious to a fault. It is also, nonetheless, an incomplete exercise — it omits half ... Read More
Sports

Let the World Have Soccer

The United States of America did not qualify for the World Cup this year. Good for us. Soccer is corrupt, hyper-regulated, impoverished by a socialist-style fondness for rationing, and organized to strangle human flourishing. It is so dependent on the whims of referees that is in effect a helpless captive of the ... Read More
Culture

Staying on the Path

Dear Reader (Including those of you who are no longer my personal lawyer), Almost 20 years ago, I wrote in this space that the movie A Simple Plan was one of the most conservative movies of the 1990s. In case you haven’t seen it, the plot is pretty straightforward, almost clichéd. It focuses on three men ... Read More
Immigration

Child Separation at the Border

If you want to read a thoughtful and constructive explanation and partial defense of the policies being implemented by the White House, you should read this piece by Rich Lowry. If you want to read a trollish and counter-productive screed fit for a comment section, read the White House’s official press ... Read More
Economy & Business

Asymmetrical Capitalism

I like to think of American Airlines CEO Doug Parker as my pen pal, but, in truth, he never writes back. It’s a lopsided relationship — asymmetrical, in a word. I have for many years argued that most people would be enthusiastic about capitalism if not for their interactions with a small number of ... Read More