New reports indicate that during the month of April, the US experienced unprecedented numbers of people hired, with the number rising to around 5.9 million.
Job openings were reported to be around 7.5 million, with openings now exceeding the number of Americans currently unemployed.
For President Trump, the growing US economy will prove to be a sturdy platform heading into the 2020 election.
The number of people hired rose to 5.9 million in April, the highest level since the Labor Department began tracking new hires.
The increase in the number of hires came almost entirely from the private sector, which increased hiring by 217,000 for the month, according to the Bureau of Labor Statistics. Government hiring was little changed for the month.
The total number of job openings rose to a higher-than-expected 7.449 million. That was a slight decrease from March’s revised 7.474 million but still near record highs.
Openings continue to outnumber unemployed people. The number of people classified as unemployed fell by 387,000 to 5.82 million. So there are about 1.63 million more jobs than unemployed people in the U.S.
The manufacturing sector shows no signs of trade-induced stress. Job openings in manufacturing climbed to 501,000, up from 460,000 the prior month. A year ago, there were 451,000 manufacturing job openings.
The April figure matched the all-time highs hit in August and November of last year.