The economic recovery continues. US job openings are near record highs at 5.7M, but there are still 6.9M unemployed in May. As the two numbers get closer, regional differences mean some places have more openings than unemployed. That’s good news for the unemployed, and usually a sign that wages (and possibly inflation) are about to rise. The job openings rate sits at ~3.8%, which has been somewhat stable for the last year after rising for seven years. Considering recent uncertainties, projections are largely academic.
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