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A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic) Photo: Associated Press
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.
WASHINGTON
U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.
Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday, known as the Job Openings and Labor Turnover Survey, or JOLTS. The figures follow an April jobs report last week that was far weaker than expected, largely because companies appear unable to find the workers they need, even with the unemployment rate elevated at 6.1%.
Job openings rose nearly 8%, to 8.1 million in March, the most on records dating to December 2000, the government said. Yet overall hiring that month rose less than 4% to 6 million. The hiring number is a gross figure, while the government’s jobs report which said 770,000 jobs were added in March uses a net total.
AP
Despite a record number of jobs available in March, total job gains increased only modestly, according to a Labor Department report issued Tuesday.
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WASHINGTON U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses seeking to find new workers as the economy expands.
Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday. The figures come after the April jobs report, released Friday, that fell far short of economists’ expectations, largely because companies appear unable to find the workers they need, even with the unemployment rate elevated at 6.1%.