U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, a sign that businesses are still hungry for workers despite evidence the economy has slowed. There are now about 1 million more open jobs than unemployed workers.
The Labor Department said Friday that hiring also rose and the number of people quitting their jobs picked up. Quits are a sign of a healthy economy, because people typically leave a job for another, usually higher-paying, one. Openings began to outpace the unemployed last spring, for the first time in the 18 years the data has been tracked.
"The question now is, will workers be increasingly tempted to switch to new jobs or will their current employers raise wages to keep them?" said Nick Bunker, an economist at job listings website Indeed.
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Job quits can also be racked up to people moving, retiring and dying.
ReplyDeleteThen why do we need all these illegals on work visas?
ReplyDelete3:48 Because they will work for substandard wages and poor working conditions
ReplyDeleteToo bad 95% of these "openings" are part time, low wage, no benefit high turnover shit details.
ReplyDelete508
ReplyDeleteIt is true.
There are huge numbers of retail and food service jobs, which pay low wages.
But they are real jobs and they are very much needed by those business owners.
Eventually, the owners will pay higher wages and raise prices.
Price inflation will be the result in the end.
The US is a service based economy (non-economy) and manufactures very little of what its population consumes. It even imports food, even though it is not necessary. The US economy was taken over by powerful monopoly interests - globalists. They are loyal to no Country. They are monopoly capitalists.
The creators of Communism.
Most of them don't pay squat so why waste your time!
ReplyDeleteA lot of good young people starting out cannot even afford to move to where there are better paying jobs. Without family near by they could not survive rent and child day care. You use to be able to pick up and go to where there was work and better paying jobs. People don't even bother trying now you need money to even do that. The image of the dream has to change. Maybe you won't have kids or own a house.
ReplyDeleteYou are so right 9:40
DeleteThe American dream is lost
Unless, you're a female immigrant.
Delete