Braking Down The News

U.S. Job Openings Reached Record Level This Spring

Government and private-sector data show surge in demand for workers led by leisure and hospitality industries

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Available jobs in the U.S. climbed further above pre-pandemic levels last month following a record surge earlier in the spring, a sign of strong demand for workers—with leisure and hospitality sectors showing the most growth in openings.

Openings continued to grow in May, according to job search site Indeed.com. That followed an increase of nearly 1 million unfilled positions in April, to 9.3 million, the highest level on records back to 2000, according to a Labor Department report released Tuesday.

Open positions nearly matched the 9.8 million Americans who were unemployed, but searching for work during the month. The rate at which workers quit their jobs, a sign of confidence in the labor market, also rose to a record high in April, and the rate at which workers were laid off fell to a record low, the Labor Department said. The most quits occurred at retail jobs.

Both private and government measures showed surging demand for restaurant, hotel and other service-sector workers.

Indeed data showed the number of overall postings at the end of May was 27% above February 2020’s, from up 23% at the end of April. The May gains were led by growing help-wanted ads for jobs in food service, hospitality and tourism and loading and stocking, the latter reflecting the continued strength of online shopping.

 

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