The labor market has hit a tipping point that should help boost wages: There are more job openings in the U.S. than unemployed workers to fill them.
As reported by the Los Angeles Times, it’s the first time that has happened since the government began tracking job openings in 2000.
There were a record 6.7 million job openings in April, the Labor Department reported Tuesday. That was an increase from an upwardly revised 6.63 million in March.
The revised data show that job openings outstripped total unemployed workers in March for the first time, and the trend continued in April.
For the full story click here.