General World News

One chart shows how the pandemic made it much harder to fill jobs than ever before

Summary List Placement

In a normal labor market, the number of open positions that businesses are hiring for tends to go up as unemployment goes down, as available workers become more scarce and openings become harder to fill.

Like so many other aspects of American life, the pandemic has at least temporarily shattered that relationship.

There were a record-high 9.2 million job openings in May, according to the latest data from the Bureau of Labor Statistics. Meanwhile, the unemployment rate that month was 5.8%.

The last time unemployment was at 5.8%, in November 2014, there were 4.8 million job details ⇒

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