U.S. Has Over 5.5 Million Jobs to Fill

  April 4, 2016

The Department of Labor released its most recent data for open jobs, with 5.6 million open positions in December, just shy of a 5.7 record set in July of 2015.

The data show that employers are optimistic about long-term economic growth and are willing to post new positions in order to compete for a dwindling pool of qualified workers across the country. Such dynamics may eventually lead to higher wages as competition for a tight labor supply encourages employers to bid salaries higher. Job openings were created across various industries, an optimistic note as viewed by economists.

Transportation, business services, and health education saw the most job openings on a national level. Certain positions tend to require higher skill sets, thus increasing the time that positions remain open until employers find qualified workers.

Source: Dept. of Labor

Indices mentioned are unmanaged and cannot be invested into directly.  Past performance is not a guarantee of future results.

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