For the first time on record, the number of job openings in the United States exceeds the number of job seekers, according to the U.S. Department of Labor.
There were a record 6.7 million available jobs in the United States during April, a report issued Tuesday by the department of labor showed. That means there were approximately 400,000 more available jobs in April than job seekers, officials said.
“Never before have we had an economy where the number of open jobs exceeds the number of job seekers,” said U.S. Secretary of Labor Alexander Acosta. “This administration is committed to ensuring that all Americans have the necessary skills to access good, family-sustaining jobs. With the lowest unemployment rate in over 18 years and 3.4 million jobs created since President Trump’s election, this is a great time be a job seeker in the United States.”
Under President Trump, unemployment rates for African-Americans, Hispanic-Americans, and Asian-Americans have reached record lows, according to the department of labor.
Unemployment rates for women and men reached the lowest levels since 2000, at 3.3% and 3.5% respectively, the agency added.