Feb
12

Outstanding Openings

On 12/31/18 there were a record 7.335 million job openings, and 6.294 million unemployed persons, or 1.17 jobs/unemployed person, the ninth consecutive month openings have exceeded the unemployed. Relatedly, the number of job openings has exceeded the number hired since 1/15. The number of openings is up 29% Y-o-Y while hires are up just 7%. The gap between openings and hires is a record 1.43 million! We need more workers.

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