WSJ: There Are More Job Openings Than People Looking For a Job

Posted on by Phil Querin

“There’s plenty of news on the trade front, and we’ll get to that. But first let’s look at the labor market. The U.S. had more job openings than unemployedAmericans this spring. That’s the first time that’s happened since such record-keeping began in 2000, Eric Morath reports. The tight labor market is forcing employers to rethink their approach to hiring: Is a clean criminal record really necessary? Is a college degree? Am I paying enough? If I can’t find workers at an affordable price, do I curtail production? Federal Reserve policy makers are watching closely. Emergence of worker shortages and stronger inflation could signal the economy is overheating, raising the need to lift interest rates more aggressively.” [MORE: Go to link here.]

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