Overwhelming Openings

On 8/31/18, there were 7.136 million job openings, well up from 6.044 million a year ago. At the same time, the number of unemployed persons on 8/31/18 numbered 6.234 million, well down from 7.127 million on 8/31/17. That is, a year ago, there were 1.18 unemployed persons/job opening, now there are 1.15 jobs/unemployed person! Prior to 3/18, job openings had never exceeded unemployed workers since record keeping began in 2001!

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