There are 5.7 million job openings in the US...


...and 8.0 million unemployed

Quits ratio is high in absolute level and in relation to layoffs


No wonder some companies are having hard time finding people to work...

...despite paying higher wages and planning to continue to increase wages

Current job openings rate was, in the past, compatible with much lower unemployment rates...

...but the bulk of the difference is long-term unemployment; short term unemployment rate is close to the previous cycle 2007 low; interestingly short-term unemployment rate seems to have stalled at current low levels.