The United States had a record 6.6 million job openings at the end of March. Job openings have set records over the past few years as businesses have struggled to fill openings. There are now about as many openings as there are unemployed workers. During the Great Recession, roughly seven unemployed workers were chasing every available job. The Federal Reserve said in a recent survey of business contacts that raising pay was one way employers were addressing labor shortages.

Source: CNN May 08, 2018 19:07 UTC