03/29/2024

Jobs Go Unfilled as the Economy Expands

Unfilled jobs are piling up in the transportation, retail and business-services sectors as workers become scarce in the fast-growing economy.

The number of available jobs grew by nearly 750,000 this spring, compared with a year earlier, according to Labor Department data released Tuesday. There were 6.7 million job openings on average in the three months ended in Juneā€”the highest quarterly level on record dating back to 2001. Economists often look at three-month averages for openings because the data can be choppy month to month.

Unfilled jobs are growing in nearly every industry because an expanding economy is demanding more labor and a historically low unemployment rate, 3.9% last month, means fewer workers are available. Overall in June, the number of available jobs exceeded the number of unemployed Americans by nearly 100,000.

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