The number of job openings in the United States declined slightly in April, dropping by 25,000 positions to 7.45 million by the end of the month. That's according to new figures released
by the U.S. Bureau of Labor Statistics this week. Despite the slight drop in job openings, the number of unfilled positions still exceeded the number of jobless, which stood at 5.82 million in February, according to the BLS.
The number of job openings has now continuously exceeded the level of unemployment in the U.S. since March 2018, indicating high demand for labor
, especially in the private sector where 6.73 million positions were unfilled at the end of April. The fact that qualified labor is a scarce resource these days should benefit workers, as the normal reaction to demand exceeding supply is rising prices, i.e. wages