- July 7, 2021
- Posted by: Stratford Team
- Category: Business
The numbers: Job openings in the U.S. rose slightly in May to a record 9.21 million, reflecting an insatiable demand for labor as the economy fully reopens and businesses scramble to keep up with soaring sales for their goods and services.
The number of available jobs has set a record for three straight months. Job openings had fallen to as low as 4.6 million last year after the coronavirus pandemic briefly shut down much of the economy.
Businesses are trying to fill the mountain of available jobs, but it’s not going as fast as they would like. Although the U.S. created 850,000 new jobs in June, it would take more than a year at that rate to restore employment to pre-pandemic trends.
Read: There’s plenty of jobs, but not enough people to fill them. How come?
The competition for workers has given jobseekers the upper hand. A record 4 million people quit two months ago — most to take a better or…