Job openings in the United States continued to outnumber unemployed workers by the largest gap in April as the Trump administration’s tax cuts are taking effects.
New data from the Bureau of Labor Statistics (under the Labor Department) showed that job vacancies in April were little changed at 7.45 million, while the number of people seeking work fell to 5.82 million from 6.21 million a month earlier.
Thus, total job openings exceeded workers classified as unemployed by 1.63 million.
There have been more job openings than unemployed workers for more than a year, the White House said, which once again illustrate the strong job market for people looking for work.
The number of hires edged up 240,000 to 5.9 million in April, the highest level since the Labor Department started its data collections. The hires rate was 3.9 percent, an increase of one-tenth of a percentage point.
Total separations, including quits, layoffs, and discharges, and other separations, increased by 70,000 to 5.58 million in April, with the separations rate unchanged at 3.7 percent.
President Donald Trump was proud of the report, writing in his Facebook account: “Hirings for U.S. businesses increased to 5.9 MILLION in April! The HIGHEST level since the Labor Department started keeping track. MORE JOBS!”
The job report is providing a positive political advantage for the president as it helps him fulfill his campaign pledges. Trump will formally declare his re-election bid at a political rally on June 18 in Orlando, Florida.
In his previous campaign, President Trump promised to create more and more opportunities for American workers.
Until now, the job market has remained a bright spot for the U.S. economy. In a Gallup poll conducted in May, 71 percent of Americans said now is a good time to find a quality job, a significant improvement from March and April when in each month 65 percent rated the job market favorably.