Corporate recruiters (R) gestures and shakes hands while talking to job seekers at a Hire Our Heroes job fair aimed at unemployed military veterans and sponsored by the Cable Show, a cable TV industry fair in Washington, June 1
WASHINGTON (Reuters) – US positions rose to record highs in December, led by vacancies in construction, housing, and the math sector, which could boost the impression that the economy has a shortage of workers.
The job openings, a measure of demand for work, increased by 169,000 to a seasonally adjusted 7.3 million, the Labor Department said in its monthly job search and work turnover survey, or JOLTS, on Tuesday. It was the highest level since the series started in 2000.
The number of jobs opened to 4.7 per cent from 4.6 per cent in November. Rentals rose to 5.9 million from 5.8 million in November. Anecdotal evidence has been on the rise of companies having trouble finding workers, a phenomenon that economists expect will slow down job growth this year.
Earlier this month, the government reported that wage communities are increasing by 304,000 jobs in January, the biggest gain since February 2018. Job gains are expected to slow to around 150,000 a month this year, as workers are getting scarcer.
Reporting by Lucia Mutikani; Editing by Andrea Ricci