Job Market Survey Reveals Vacancies Are Outnumbering Workers

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Currents News Staff

The job market doesn’t appear to be cooling off as we continue through the summer. The Labor Department reports employers had about 11.4 million job openings in April.

That’s about half-a-million less than it was in March, when it hit an all-time high.

However, when the numbers are broken down, it shows there were close to two vacancies for every person that applies for work in April. The findings were published in the Labor Department’s ‘Job Openings and Labor Turnover Survey.’

Also among the findings, the services sector had the largest employment gaps, with the leisure and hospitality industry experiencing an 8.9 percent vacancy rate.

The overall U.S. economy is still more than a million jobs below its peak level.