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The Trump Economy is Rolling

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There are more jobs available than unemployed workers. Workers of America unite!

 

Bloomberg reports that job vacancies outnumber unemployed Americans for the first time in decades.

The U.S. labor market has reached another milestone: For the first time in decades, there are more job openings than unemployed Americans who could fill them.

Vacancies rose to a fresh record of 6.7 million in April, according to the Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday by the Labor Department. More importantly, upward revisions to the prior month made it the first in government data back to 2000 that openings exceeded the number of unemployed. That gap, of 48,000 in March, grew to 352,000 in April and is poised to keep widening, as the number of unemployed has already dropped further in May.

Read more here.

Originally posted on Yoursurvivalguy.com. 

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.