Mass layoffs are delayed and job vacancies surge

On September 16, 2021, a sign in need of help was posted in the window of a hardware store in San Francisco, California.

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The Ministry of Labor reported on Wednesday that the so-called layoffs had lost some momentum in the total number of workers who quit their jobs either because of dissatisfaction or better opportunities elsewhere.

Retirement decreased by 4.7% from 4.36 million to 4.16 million. Department said In that job offer and labor turnover survey. Its share of the workforce has dropped from 3% to 2.8%.

JOLTS reports are carefully watched for signs of labor market tightness in the Federal Reserve and elsewhere.

Retirement rates have fallen, but job vacancies have accelerated to just below record highs. The total number was 11.03 million, an increase of 4.1% as it rose from 6.7% to 6.9%.

The number of job offers in October exceeded the number of job seekers by 3.6 million. JOLTS data was one month behind the more closely tracked non-farm payrolls report, with a monthly profit of 546,000.

NS Coronavirus pandemic I’ve seen it soar to record heights. Although it fell in October, it is 24% higher than it was a year ago.

Economists generally have greater opportunities in the pandemic employment market, spurring many workers to remain reluctant to stay away from bystanders due to childcare issues and health concerns. I am thinking of escaping as.

By November, the workforce was about 2.4 million less than in February 2020. Total employment levels have fallen by more than 3.5 million.

The total number of hires in October was below the level of the previous month, but the turnover rate also declined.

Mass layoffs are delayed and job vacancies surge

Source link Mass layoffs are delayed and job vacancies surge

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