- Joined
- Dec 3, 2013
- Messages
- 57,470
- Reaction score
- 14,587
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
"There were a record 5.788 million job openings in the US in April, according to the latest Job Openings and Labor Turnover Survey (JOLTS).
Economists had forecast that there were 5.675 million job openings during that month, according to Bloomberg. The number of openings in March was revised down to 5.670 million from 5.757 million.
Hiring slowed, as the total number of hires fell slightly to 5.1 million and the rate [rate of what?] edged down to 3.5% from 3.7%."
So .... 5.675 million jobs available and 5.1 million people hired? Is a half-million job openings going unfilled in a month a huge deal?
Or am I reading that wrong?
I'm not "in" financial circles, so forgive me if "the rate" is some rate that I should know the meaning of.
actually it is a huge deal it means that businesses were looking but didn't find the people.
that means either people are lacking skills or not interested in that job for some reason.
it means that there are 5.1 million people that could be working but aren't.