Job Openings at Record High, Yet Millions Giving Up

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

Study: People Who Curse Are More HonestFamily

8 Creative Ways to Clear ClutterAround The House

15 Things You Should Always Buy at a Dollar StoreMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

5 Reasons to Shop for a Home in DecemberFamily

This Free Software Brings Old Laptops Back to LifeMore

Should You Donate to Wreaths Across America? A Lesson in Charitable GivingAround The House

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

10 Free Things That Used to Cost MoneyAround The House

7 New Year’s Resolutions to Make With Your KidsFamily

10 Simple Money Moves to Make Before the New YearFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

Job openings hit a record high in April, yet nearly half of the unemployed have given up looking for work. Find out what is behind the disconnect.

American job openings hit a record high of 5.78 million in April, according to Labor Department data published this week.

And yet, about half of all unemployed workers have given up searching for a new gig, according to a Harris Poll of unemployed Americans released in conjunction with job-placement service Express Employment Professionals.

It sounds like a head-scratching disconnect, but it may be explained by a simple phenomenon: the job skills gap.

CNN Money reports that while employers have open jobs begging to be filled, workers by and large lack the skills to perform those tasks.

In a report last month, CNN Money focused on people who work part-time jobs because they lack the skills to get better-paying full-time work.

Bernie Baumohl, chief global economist at research firm the Economic Outlook Group, told CNN Money:

“Many workers who are stuck now with multiple part-time jobs can’t keep up with high-tech skills that are in demand.”

All of this may discourage the unemployed from even applying for jobs, let alone landing them. The Harris Poll survey found that a startling 59 percent of workers who fail to find a job after two years simply give up.

As Express Employment Professionals CEO Bob Funk says in a press release:

“It’s frightening to see this many people who could work say they have given up.”

What is your take on this issue? 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: 7 Ways to Make Extra Money This Summer

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 1,765 more deals!