U.S. job openings soar to highest level on record
(Worthy News) – U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses seeking to find new workers as the economy expands.
Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday. The figures come after the April jobs report, released Friday, that fell far short of economists’ expectations, largely because companies appear unable to find the workers they need, even with the unemployment rate elevated at 6.1%.
Job openings rose nearly 8%, to 8.1 million in March, the most on records dating back to December 2000, the government said. Yet overall hiring that month rose less than 4% to 6 million. The hiring number is a gross figure, while the government’s jobs report – which said 770,000 jobs were added in March — uses a net total. Tuesday’s report is known as the Job Openings and Labor Turnover Survey, or JOLTS. [ Source: Washington Times (Read More…) ]
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