Strong Economy Conundrum: 1 Million More Job Openings Than Available Workers

It turns out that the jobs market can keep improving. In the Job Openings and Labor Turnover Survey (JOLTS), the Bureau of Labor Statistics (BLS) indicated that the number of job openings reached a new record high of 7.3 million in the month of December.

While this has a one-month lag, the BLS showed a much larger than expected gain in the payrolls for January just a week earlier. What stands out about the number of job openings in this JOLTS report is that it exceeds the number of the total unemployed job seekers by more than a million.

See Original

Shelly Jo Jacobs

Author: Shelly Jo Jacobs