On Tuesday, President Donald Trump broke another record, which can be added to his long list of accomplishments in his first months as commander-in-chief.
Job openings rose to the highest level on record in April, the Bureau of Labor Statistics acknowledged.
The Washington Examiner reports:
Total advertised vacancies rose to just above 6 million, eclipsing last summer’s highs to reach the highest level since the bureau began counting openings in 2000.
Record-high openings is a good sign for the economy and another indication that the jobs recovery still has steam in its seventh year.
Tuesday’s numbers come from the bureau’s Job Openings and Labor Turnover Survey. The report is released on a one-month lag from the more widely-cited payroll jobs report, but is valued by government officials and investors because it contains details about gross hiring and layoffs.
In April, there were just 1.2 unemployed workers for every advertised job vacancy, below pre-crisis levels.
While openings soared in April, actual hiring fell from 5.3 million to 5.1 million and has barely budged on the year. Slower hiring at this stage of the recovery, however, may reflect that businesses are having a hard time finding available workers, rather than a lack of jobs.
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