There are officially more positions vacant than workers who are available to fill them according to the president.

Donald Trump confirmed his administration helped create millions of jobs since the 2016 general election, and there are now more positions available than applicants available to fill them.

“We have created more than 7 million jobs since the election, including 266,000 new jobs last month alone,” he told the Turning Point USA annual student action summit in West Palm Beach, Florida, on Dec. 21. “For everyone graduating into the workforce this year, there are now more job openings than job seekers for the first time in the history of our country.”

The latest figures from the Bureau of Labor Statistics show only 79 percent of the 7.3 million vacant positions were filled by employers at the end of October. This created a shortfall of 1.5 million jobs that were never filled.

These provide very favorable conditions for graduates to gain a foothold in their chosen profession.

“There has never been a better time to be young and American,” the president said. “Your future and the future of our nation is unlimited.”

He also revealed more youths are receiving significant pay increases at never before seen levels.

“Young people like you have seen their wages rise by more than 10 percent since the election,” Trump said. “[This is] a number that has not been surpassed.”

Federal civil servants will also receive a 3.1 percent pay raise as part of the recently passed 2020 National Defense Authorization Act. This is touted to be the federal workforce’s largest wage increase in more than a decade.

“This pay raise reflects the excellent work of our federal workforce and complements another unprecedented benefit that I also just signed into law–paid parental leave,” Trump said in a letter posted to Twitter. “Your great contributions to this nation are why I am pleased to inform you that I recently signed into law major improvements to compensation and benefits for federal employees.”

The president also delivered on many previous election promises to provide paid family leave to federal workers across the nation.

“After decades of empty promises and inaction, the legislation I have signed into law provides 12 weeks of paid parental leave for federal employees,” he said. “This ensures parents are not forced to choose between their jobs and spending precious time with their children.”

Trump also signed an executive order to excuse federal employees from duty during the holidays.

“They can celebrate Christmas Eve with friends and loved ones,” he said. “May God bless you and your family this holiday season, and may God continue to bless the United States of America. Merry Christmas and Happy New Year.”