There are more jobs than people out of work, something the American economy has never experienced before

3:31 PM ET Tue, 5 June 2018

There are 6.7 million job openings and just 6.4 million available workers to fill them, according to the Bureau of Labor Statistics. April marked the second month in a row that there were more vacancies than available hires, a phenomenon that had not happened prior to 2018. Despite the mismatch, sizeble wage gains remain elusive, with average hourly earnings up just 2.7 percent over the past year.