The United States now has a job opening for every unemployed person in the country, a sign of just how far the nation has turned around from the recession that cost so many Americans their jobs nearly a decade ago.
The Labor Department reported Tuesday there were 6.6 million job openings in March, a record high — and enough for the 6.6 million Americans who were actively looking for a job that month.
“The labor market is literally on fire it is so hot with job openings,” said Chris Rupkey, chief financial economist at MUFG Union Bank.
March marked the first time there has been a job opening for every unemployed person since the Labor Department began keeping track of job openings in 2000. White-collar businesses, construction and warehouses all expanded their recruiting in March, the Labor Department reported.