A record number of jobs are going begging in the US. What gives?

The US economy had a record 10.9 million job openings on the last day of July, the Bureau of Labor Statistics said on Wednesday.

Jobs, jobs, everywhere. That’s what the latest snapshot of the United States labour market is telling us. The world’s largest economy had a record 10.9 million job openings on the last day of July, the Bureau of Labor Statistics (BLS) said on Wednesday. That marked an increase of 749,000 job openings from the previous month – which was also a record. In a sign of how confident people feel about their employment prospects, some four million Americans quit their jobs in July – roughly level pegging with the previous month.