At 6.1% as of April, the unemployment rate remains elevated (U.S. BLS). Yet, companies are growing increasingly desperate to find workers.
Over the last two months, the number of job openings has soared by over 1 million to 8.1 million as of March (U.S. BLS, latest data).
- It’s far ahead of the 7.6 million record in November 2018.
In the April NFIB survey of small business confidence, “44% of business owners reported job openings they could not fill,” a fresh record.