U.S. Job openings hit record high of 7.14 Million

Reuters ^ | 10/16/2018

[SeekAndFind]

U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.

The Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, report on Tuesday that there were 7.14 million unfilled positions in the economy in August. That was the highest level since the series started in 2000 and compared to 7.08 million vacancies in July.

The job openings rate also rose to an all-time high of 4.6 percent from 4.5 percent in July. Hiring increased to a record high 5.78 million in August from 5.71 million in the prior month. That lifted the hiring rate to 3.9 percent from 3.8 percent in July.

[SeekAndFind]

[SeekAndFind]

Meanwhile, looking at the number of quits - the so-called "take this jobs and shove it" indicator - which shows worker confidence that they can leave their current job and find a better paying job elsewhere, revealed that one month after hitting an all time high, there was a modest, -31,000 dip to 3.577 million in August, further confirmation that Americans are increasingly confident in their job prospects should their part ways with their current employer.

[RandallFlagg]

But, RUSSIA!!
Stormy Daniels!!
Robert E Lee!!!!

He.
Ate.
Pizza.
With.
Sarah.
Palin.
Using.
A.
FORK!!!!

[babble-on]

Inflation

[proxy_user]

These businesses are still getting by somehow with their existing staff. In a normal economy, there are always openings as new workers are hired, while others resign or retire. Good people are hard to find, and it takes a while.

[Rennes Templar]

Some of those ‘Philosophy of Community Social Dynamics” majors are wishing they had made a different choice.

[huckfillary]

I would add our government-run school system as a cause for much of this.