"It has never been easier for Americans to find a job," says Matthew Rocco in the Financial Times. US companies have more job openings than there are unemployed Americans. This is the first time such a scenario has occurred in at least 18 years, since the labour department first began tracking the data in December 2000.The number of jobs on the market first surpassed the number of job seekers in March 2018, when job openings rose to 6.64 million, compared with 6.59 million job seekers. With companies having to compete for workers it's no wonder wage growth is at a ten-year high and people are quitting their jobs at the fastest rate since 2001, says Abigail Hess on CNBC. More than three million people voluntarily leave their work each month.
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