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00:00:00
>> There are more job openings in the US now than ever before, with the number of positions waiting to be filled rising to a record 6.5 million in March. The numbers out Tuesday suggest that a recent slow down in hiring was likely the result of employers having a tough time finding qualified workers.
00:00:21
Not that there aren't enough jobs. Dan Burns is Reuters' Economic and Financial Markets Editor.>> So the numbers we saw today really begin to bear out the thesis that there's a skill mismatch going on in the economy, where employers just can't find the right people to fill these jobs.
00:00:36
Whether it's a particular skill they're looking for, or people just don't live in the right locations for where the jobs are.>> Vacancies in March increased by 472,000, pointing to a robust labor market. Leading the surge, professional and white collar positions. Plus openings in construction, transportation, and warehouse jobs.
00:00:59
But even with everyone hiring and unemployment at a low, wage growth is still lousy.>> Another mystery raised by this report is, if this job market is so hot why aren't people being paid more? What's clear though is that as long as there's a gap with employers needing to fill spots and people being willing to quit for better paying jobs, we're likely to see pay gains sooner than later.
00:01:25
>> And that missing piece from the recovery, something American workers are eager to see.