U.S. employers posted a record number of available jobs in April, far surpassing expectations, and March’s record number of openings was revised higher.
Job openings jumped 12 percent to 9.28 million in April, the most on records going back to December of 2000, according to the Department of Labor’s Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday.
Yet the total number of hires was little changed at 6.1 million, dramatically illustrating the desperation of new businesses struggling to bring on new workers as the economy emerges from the pandemic.
Hires increased in accommodation and food services by 232,000. The federal government hired an additional 10,000.
Hires fell by 107,000 in construction and durable goods manufacturing hires fell by 37,000. Both housing and manufacturing has been beset by shortages and rising costs that may have caused some businesses to pull back from expanding.
The enormous number