The new job market numbers appeared to make Basu cautiously optimistic.
“Today’s job openings data show that the U.S. labor market still offers abundant opportunity for jobseekers,” he said. “Despite a decline in the number of industry job openings, 4.6% of all construction positions are still unfilled, more than at any point from the start of the data series in 2000 to the end of 2018.”
Both the job openings rate and the quits rate have steadily trended upward over the last 10 years.
