Job Openings Near Record High, but That May Spell Trouble

What's Hot

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

Where to Sell Your Stuff for Top DollarAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

10 Overlooked Expenses That Ruin Your BudgetFamily

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

20 Simple Hacks to Make Your Stuff Last LongerAround The House

12 Surprising Ways to Wreck Your Credit ScoreBorrow

As the number of job openings nears a record high, experts are sounding the alarm bells. Find out why.

The number of job openings increased slightly last month, reaching nearly 5.8 million, according to the latest data from the U.S. Department of Labor.

That number for March reflects an increase of 149,000 jobs since February and is the highest it’s been since July, Reuters reports.

Daniel Silver, an economist at JPMorgan in New York, tells Reuters:

“The data generally remain upbeat and it does not look like there has been any material weakening in the health of the labor market lately.”

The industries that saw the largest increases in openings are:

  • Professional and business services (124,000 more job openings in March than in February)
  • Transportation, warehousing and utilities (35,000 more)
  • Nondurable goods manufacturing (29,000 more)

The industries that saw the largest decreases are:

  • Retail trade (80,000 fewer openings in March than in February)
  • Educational services (36,000 fewer)
  • Wholesale trade (35,000 fewer)

Despite the overall increase in job openings, the number of hirings decreased last month by 218,000, reaching just under 5.3 million. Reuters reports that this decrease in hirings suggests “employers are probably not finding qualified workers for the open positions.”

Peter Boockvar, managing director and chief market analyst at economic advisory firm the Lindsey Group, tells CNN Money:

“Employers are having a tougher time finding qualified workers.”

This is an ongoing issue. In July, when job openings reached a record high, experts were expressing similar concerns about the growing number of job openings reflecting a struggle for employers to find qualified workers.

According to ManpowerGroup’s 2015 Talent Shortage Survey, skilled trade worker jobs have been the most difficult for U.S. employers to fill for six years running, and the most difficult to fill worldwide for four years running.

To learn more, check out “The 10 Jobs Employers Struggle to Fill.”

What’s your take on the growing number of job openings and declining number of hirings? Share your thoughts with us below or sound off in our Forums. It’s the place where you can speak your mind, explore topics in-depth, and post questions and get answers

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 4 Ways Creative People Can Make Money Online

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,790 more deals!