Black Moon Media's video: GREAT AGAIN: More Jobs than WORKERS for the First Time In US HISTORY - USA Politics Today

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. As of April, the total workers looking and eligible for jobs fell to 6.35 million, a decrease from 6.58 million the previous month. The number fell further in May to 6.06 million, though there is no comparable JOLTS data for that month. Under normal circumstances, the mismatch would be creating a demand for higher wages. However, average hourly earnings rose just 2.7 percent annualized in May, up one-tenth of a point from April. “Given these trends, the sluggish wage growth rate is even more perplexing,” said Cathy Barrera, chief economist at ZipRecruiter, an online employment marketplace. “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.” Employers have been complaining for years about a skills mismatch, or the inability to find workers with the right training for the positions available. In the meantime, companies are adding other incentives to retain workers and pull new ones in. As the demand grows, workers have gotten more confident about leaving their current positions for better ones. h/t Sean Hannity