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The trade standoff between the U.S. and China escalated again today. Beijing announced new tariffs on $60 billion of U.S. goods. Here's how President Trump responded.

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There are now more job openings than unemployed people. The number of small-business owners that have job openings that they cannot fill is rising. The share of workers quitting their jobs each month is the highest in seventeen years. And of people who went from not having a job to getting a job in the past year, more than seven in ten were not even looking for a job the month before they got one — also a record high.

And that is good news for everyone involved.

1) The number of job openings has surpassed the number of unemployed people:

The attorney general of New York has reached an agreement with WeWork to eliminate or modify noncompete clauses from most of its employment contracts, which restricted workers' ability to find new jobs.

Noncompete agreements generally have been standard for executives and in high-tech, where companies are trying to protect intellectual property or trade secrets from being transferred to rivals.

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

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