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Economy

“U.S. job openings, quits hit record highs in April”

“Job openings, a measure of labor demand, increased by 998,000 to 9.3 million on the last day of April, the highest level since the series began in December 2000. Vacancies rose in all four regions and were spread across nearly all industries as well as the government sector.

Unfilled jobs in the accommodation and food services increased by 349,000. There were an additional 115,000 job openings in other services, while vacancies at manufacturers of long-lasting goods increased 78,000. But job openings decreased in educational services and mining and logging industry. Economists polled by Reuters had forecast job openings would rise to 8.3 million in April. The job openings rate shot up to an all-time high of 6.0% from 5.4% in March…”

https://finance.yahoo.com/news/u-trade-deficit-narrows-april-135026906.html

We have a labor shortage. You know for the longest time jobs in general refused to train people. I mean for years and years. In a way this is like karma. All those people who wanted to work for those jobs were turned away. If they would have kept and trained some of them the labor shortage may not have been as high as it is.

Because guess what? The businesses didn’t want to train them then but many of them are being forced to now.

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