Job openings hit record high of 7.3 million in December

“The number of job openings hit a record high of 7.3 million in December, the Bureau of Labor Statistics reported Tuesday in a sign of the labor market’s strength.”

By Joseph Lawler

Time Magazine
U.S. Job Openings Hit Record High of 7.3 Million as Worker Shortages Persist. A ‘now hiring’ sign hangs on the door of a Staples store in Lower

The number of job openings hit a record high of 7.3 million in December, the Bureau of Labor Statistics reported Tuesday in a sign of the labor market’s strength.

The private sector drove the new record, with private entities accounting for 6.7 million job vacancies — also a record high. The construction industry recorded 382,000 new posts, far more than ever before.

In the past three months, the economy has added an average of 241,000 net new jobs a month, more than twice as much as needed to keep up with population growth and keep unemployment trending down.

As a result, more of the population is working. For prime-age workers, meaning those between ages 25 and 54, the total employment rate rose to 79.9 percent in January, the highest such rate since the financial crisis hit.

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About Cholo Brooks 14446 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.