EconomyInternational
Trending

U.S. Job Openings Hit Record High as Workers Quit in Droves

By  Felix Richter

Felix Richter

June 11:9, 2021:Job openings surged to a record high in April as businesses, especially in the hospitality sector, are looking to staff up ahead of what is expected to be a busy summer season. According to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Summary (JOLTS), the number of unfilled positions reached 9.3 million on the last business day of April, up from 8.3 million at the end of March and almost 2 million higher than the pre-pandemic high of 7.6 million reached in the fall of 2018.

While the high level of job openings is a good sign that the labor market is recovering from its historical slump, businesses are having trouble filling open positions as people are also leaving their existing jobs in record numbers. According to Tuesday’s JOLTS report, nearly 4 million Americans quit their jobs in April, indicating a high level of optimism that they can find another, possibly higher-paid position elsewhere. Meanwhile the number of layoffs and discharges also reached series lows, completing the trifecta of labor market optimism.

Overall, 6.1 million hirings stood opposite 5.8 million separations (incl. quits and layoffs) in April. The resulting employment change of 300,000 brings the total employment gain to 11.3 million for the past twelve months, although it needs to be noted that this total includes workers who may have been hired and/or fired multiple times during that period.

Infographic: U.S. Job Openings Hit Record High as Workers Quit in Droves | Statista

DESCRIPTION

This chart shows the number of job openings, quits and layoffs in the United States (seasonally adjusted).

 Report

 Download Chart/
U.S. Job Openings/U.S. Job Openings/U.S. Job Openings /U.S. Job Openings

 

 

 

END

Please click  the link below & support our initiative newsabode.com

https://www.patreon.com/neerajbajpai

 

(NOTE: We seek your support—At a time when the news is under threat, we have opted for a different approach with hopes of your support. The purpose of launching newsabode.com is primarily aimed at ensuring the survival of true independent Journalism. We bring news to you from across the world. To support truly independent journalism, please consider making a contribution to newsabode.com or taking a subscription)

We provide a link to another option to back up the initiative —https://mail.google.com/mail/u/

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker