The United States job market continued to reach new heights in August 2018, with recently released statistics showing available positions “dwarfed” American workers seeking full-time employment.
According to CNBC, there were over 7.1 million positions available in the United States at the end of August; smashing the previous record of 6.2 million just a month prior.
“Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market,” writes CNBC.
“The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stand,” adds the article.
The strong data comes just hours after a similar report showed the US Treasury took in a record haul of personal income tax in the 2018 fiscal year.
Read the full report at CNBC.