You can be on Entrepreneur’s cover!

Record High: U.S. Now Has 2 Job Openings for Every Person Who Is Unemployed Latest data from the Bureau of Labor Statistics reveals employers posted a record high of 11.5 million job openings in March.

By Madeline Garfinkle

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

The fight for labor continues, and empty positions continue to pile up: 11.5 million job openings were posted in March. The new data from the Bureau of Labor Statistics reveals just how expansive the labor shortage is, further exacerbating inflation as the job market tightens.

With a tight labor market and seemingly endless openings, Americans have been quitting their jobs in droves — with 45 million giving notice in March alone.

The space between employers and the unemployed has been steadily expanding since 2020, with an average of 540,000 jobs added every month over the past year. According to data from FactSet, the Labor Department is expected to report this week that 400,000 jobs were posted in April, which would mark the twelfth month in a row where hiring has come in at 400,000 or more.

Related: Apple Makes Major Moves to Combat Labor Shortage

Many companies found themselves unprepared for the rebound of spending following the unprecedented Covid-19 affects on the economy, and have been scrambling to hire workers and meet consumer demand — resulting in significant supply-chain delays and rising wages to attract workers, but contribute to inflation.

Inflation jumped to a staggering 8.5% in March, the highest surge in 40 years, and the lopsided job market isn't doing any favors for the record-high consumer price index.

With a strong job market and a swarm of opportunities, job seekers have leverage and access to record-high wages. Unfortunately, the wage gains may have unintended consequences for rising inflation rates.

Still, countless positions need to be filled, and if you're looking, now's the time to apply — really, you have millions of options.

Related: "The Great Resignation," And The Future Of The Workplace

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.


Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.


You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.