U.S. job openings reach a record number in August

5bc6cc9208c9c imageThe economy is hot

According to Democrats, everything bad in the economy during the Obama years was Bush’s fault; and everything great with the economy during the Trump years is due to Obama. 

Convenient. 

Most employed in two decades; rises 0.8 percent to 7.14 million in economic growth

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

Job openings rose a slight 0.8 percent to 7.14 million, the highest on record dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month.

The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly five-decade low of 3.7 percent. Strong demand for workers when so few are out of work may force more companies to raise pay in the coming months.