Immigration Blog

Best U.S. Job Market in Decades

By Bill at June 14, 2018 17:02
Filed Under: Immigration News
By almost any of the usual measures, the U.S. job market is better than it has been in decades, or in history.

According to the U.S. Bureau of Labor Statistics (BLS), the U.S. seasonally adjusted unemployment rate in May 2018 was 3.8 percent, the lowest level in nearly 20 years.

Unemployment insurance weekly initial claim filings were down to 222,000 for the week ending June 2, and the four-week moving average of 1,728,750 is the lowest it has been since December 8, 1973.

For the first time since BLS has been tracking them, the number of job openings has surpassed the number of job seekers. In April, the level of job openings climbed to 6.7 million, a new series high and well below the number of unemployed (6.1 million).

"Never before have we had an economy where the number of open jobs exceeds the number of job seekers," said U.S. Secretary of Labor Alexander Acosta.

Wow, American employers are always looking for skilled foreign workers. They will definitely be more desperate. Please polish your resume and update your career profiles regularly.

Not all jobs are created equal!