The US economy continues to smash records under President Trump and the Republican-led Congress, with new data showing there are more jobs than “people out of work” for the first time in American history.
According to CNBC, there are roughly 6.7 million job openings in the United States and approximately 6.4 million available workers to take them, making April the second month in a row to have an inverted job index.
“The number of vacancies is pulling well ahead of the number the Bureau of Labor Statistics counts as unemployed. This year is the first time the level of the unemployed exceeded the jobs available since the BLS started tracking JOLTS numbers in 2000,” writes CNBC.
“If employers want to fill these 6.7 million job openings, they are either going to have to raise wages or find more clever and creative ways to recruit workers off the sidelines,” added a senior economist.
The new data signals a growing US economy just months after President Trump signed the recently passed GOP tax cuts into law; unleashing American businesses and putting millions of dollars back into workers bank accounts.
Read the full story at CNBC.