Palm Springs News, Weather, Traffic, Breaking News

U.S. has record 6 million job openings, even as 6.8 million Americans are looking for jobs

Posted: Updated:

By Patrick Gillespie

NEW YORK (CNNMoney) -- America has more job openings than ever before.

There were 6 million open jobs in the United States in April, a record high, according to data released by the Labor Department Tuesday. It comes at a time when 6.8 unemployed Americans are looking for a job.

It reflects a mix of good and bad news. The good news: Employers are ready to hire, and likely willing to pay higher wages to new workers. During the Great Recession, job openings were as low as 2.2 million in 2009.

"If one is looking for a job, it's out there," says Peter Boockvar, chief market analyst at the Lindsey Group, a research firm. "It just may not be exactly what is wanted."

The bad news: With a similar amount of job openings and unemployed workers, it may make one wonder why those unemployed workers aren't able to find jobs.

What the numbers illustrate is one of the key problems that has plagued the U.S. labor market in recent years. Job seekers tend to lack the skills in demand, they're not willing to move to jobs that are available, or employers have unrealistic expectations.

Start with the last one. During and after the Great Recession, employers had the upper hand and could be choosy about who they hired because unemployment was high and openings were scarce.

They could raise job application requirements like asking for a college degree, even if the job didn't necessarily require one.

Consider this: 65% of job postings for secretaries who work for executives require a college degree. But among current executive secretaries, only 19% have college degrees, according to Joseph Fuller, a Harvard Business School professor. That's a big gap between expectations and reality.

The U.S. has also long struggled with a job skills gap, which is a result of an aging workforce, the rapid pace of automation, and a lack of effective job training programs.

It also depends on location and the type of job. In April, there were 2.1 million open jobs in the Southeast United States, the most of any region. The Northeast, the most densely populated, had the fewest number of job openings, 1.2 million.

On top of that, openings vary by industry. Manufacturing and mining job openings declined in April. Construction job openings were up.

Openings in business services were down a bit while those in health care rose. However, those two industries far outpace others in job openings, with 1.1 million each. They also both tend to require a bachelor or associate's degree.

TM & © 2017 Cable News Network, Inc., a Time Warner Company. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Cathedral City

    Unsolved Candy Cane Lane Shooting Haunts Mother

    Unsolved Candy Cane Lane Shooting Haunts Mother

    Friday, November 17 2017 10:32 PM EST2017-11-18 03:32:48 GMT

    This should be a happy time of year for Roxanne, she has a beautiful baby girl, a boyfriend she loves, but this time of year brings back horrible memories.  "I woke up to no David, no baby it was horrible, it was the most horrible thing I could ever experience," she says. On December 19, 2015, Roxanne was days away from giving birth to her first child, a baby boy. She and her then boyfriend 38-year-old David Chavez, did what many do during the holidays, went for a dri...

    This should be a happy time of year for Roxanne, she has a beautiful baby girl, a boyfriend she loves, but this time of year brings back horrible memories.  "I woke up to no David, no baby it was horrible, it was the most horrible thing I could ever experience," she says. On December 19, 2015, Roxanne was days away from giving birth to her first child, a baby boy. She and her then boyfriend 38-year-old David Chavez, did what many do during the holidays, went for a dri...

  • Bermuda Dunes

    Local Gun Supporter Destroys AR-15

    Local Gun Supporter Destroys AR-15

    Friday, November 17 2017 2:14 PM EST2017-11-17 19:14:17 GMT
    Chad Vachter has always loved guns. "I think everyone has a right to defend their home, their way of life," he said. Vachter has been a supporter of The Second Amendment since he was young. "I first got into guns when I was a kid hunting with my father," he added. Related: Gun Safety Saves Lives During Holidays Among his prized weapons is an AR-15, but not anymore. Vachter decided to destroy his AR-15 with a sledge hammer. Blow by blow, the semi-au...
    Chad Vachter has always loved guns. "I think everyone has a right to defend their home, their way of life," he said. Vachter has been a supporter of The Second Amendment since he was young. "I first got into guns when I was a kid hunting with my father," he added. Related: Gun Safety Saves Lives During Holidays Among his prized weapons is an AR-15, but not anymore. Vachter decided to destroy his AR-15 with a sledge hammer. Blow by blow, the semi-au...
  • Man Accused in Decades-Old Desert Hot Springs Murder of Teen in Custody

    Man Accused in Decades-Old Desert Hot Springs Murder of Teen in Custody

    Friday, November 17 2017 11:55 PM EST2017-11-18 04:55:23 GMT

    A man accused of gunning down a Desert Hot Springs teen more than two decades ago was in custody Friday in a case recently reopened by Riverside County prosecutors...

    A man accused of gunning down a Desert Hot Springs teen more than two decades ago was in custody Friday in a case recently reopened by Riverside County prosecutors...

Powered by Frankly