Job openings in United States hit record high

Job openings in United States hit record high

Job openings in United States hit record high

Large numbers of hires and separations occur every month throughout the business cycle. That's the most since the Labor Department started keeping track in 2000.

According to the latest data from the Job Openings and Labor Turnover Survey, there were 6.55 million job openings in March. Hires also decreased slightly from 5.5 million in February to 5.4 million in March.

The number of job openings increased to 6.6 million on the last business day of March, the U.S. Bureau of Labor Statistics reported Tuesday.

"The qualification mismatch is an issue here for both employees and employers", said Satyam Panday, senior economist at S&P Global Ratings.

Openings jumped in specialist and company services, which added 112,000 positions, and construction, together with 68,000 and transport, warehousing and utilities, which documented 37,000 new rankings.

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There are now about as many openings as there are unemployed workers.

USA job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers.

The big pickup in job openings (http://www.marketwatch.com/story/us-job-openings-hit-record-655-million-2018-05-08) has done what's not ever been accomplished in the almost two-decade history of this economic series - there's now a job opening for every unemployed worker. Workers are choosing to ditch their jobs presumedly because there's incentive for them to do so.

With rising vacancies nearly helping to close the gap with the ranks of the unemployed, the job market is increasingly tight.

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