Share
WASHINGTON — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at break-neck speed.
The number of job openings soared 12% from the 8.3 million counted in March.
But employers hired just 6.1 million, up 1% from March, according to a Labor Department report Tuesday, suggesting that positions are opening faster than companies can fill them.
“More than a year after horrific job losses and wage cuts, job seekers have a strong hand in the labor market again. Demand for workers is surging as the broader economy starts to emerge from the pandemic,” said Nick Bunker, director of the Hiring Lab. “At the same time, supply is restrained as workers are slow to find their post-pandemic normal. The result is a labor market that has snapped back quicker than many expected.”
Hotels and restaurants, reopening after being forced to close or curb hours during the coronavirus pandemic, reported the biggest increase in job openings.
The number of Americans quitting their jobs rose 11% to almost 4 million in April, the highest figure in records going back to 2000.
The Labor Department reported Friday that the U.S. economy generated 559,000 new jobs in May and that the unemployment rate dipped to 5.8% from 6.1% in April. The hiring figures would ordinarily be viewed as exceptional. But as the economy rebounds from the coronavirus recession, some economists had expected to see much faster job gains. The United States is still 7.6 million jobs short of where it stood in February 2020.
RELATED TOPICS:
US Military Ordered to Pull Books on Diversity, Gender Issues
16 hours ago
Fresno County Authorities Seek Public’s Help in Huron Homicide
16 hours ago
Fresno Police Officer Arrested on Sexual Battery Charges
17 hours ago
Mayor Baraka of Newark, New Jersey, Arrested at ICE Detention Center He Has Been Protesting
17 hours ago
FDA Will Allow Three New Color Additives Made From Minerals, Algae and Flower Petals
17 hours ago
Pentagon Directs Military to Pull Library Books That Address Diversity, Anti-Racism, Gender Issues
17 hours ago
Fresno Pays the Most for Electricity. What Are Lawmakers Doing About It?
17 hours ago
Got An Idea for a Valley Documentary? CMAC’s Big Tell Contest Seeks Applicants
1 hour ago
Categories

Got An Idea for a Valley Documentary? CMAC’s Big Tell Contest Seeks Applicants

Clovis Police Arrest Two in Connection to Caleb Quick’s Murder

US Military Ordered to Pull Books on Diversity, Gender Issues

Fresno County Authorities Seek Public’s Help in Huron Homicide

Fresno Police Officer Arrested on Sexual Battery Charges
