Job openings surge to a record high 8.12 million
The number of vacancies exceeded hires by more than 2 million, the largest gap on record and evidence of current hiring challenges.
By Olivia RockemanBloomberg
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U.S. job openings surged in March to a record high, underscoring a rapid increase in labor demand as vaccinations accelerate and states reopen their economies.
The number of available positions increased to 8.12 million during the month, the highest in data back to 2000, from an upwardly revised 7.53 million in February, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.5 million openings.
US Job Openings Reached Record Levels To Start April; Northeast Had Nearly 1.5 Million
BOSTON (CBS/AP) Millions of Americans are out of a job, but businesses hurt by the coronavirus pandemic say they can’t find enough workers.At the end of March, the federal government says there were 8.1 million job openings in the United States – a record high. About 1.5 million were in the northeast.The industries which need the most workers are accommodation and food service, state and local government, education and arts, entertainment and …
3 days ago|United States
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Job openings in U.S. surge to a record high of more than 8 million
BLOOMBERG
A sign reads Now Accepting Applications outside a Labor Systems office in Phoenix.
U.S. job openings surged in March to a record high, underscoring a rapid increase in labor demand as vaccinations accelerate and states reopen their economies.
The number of available positions increased to 8.12 million during the month, the highest in data back to 2000, from an upwardly revised 7.53 million in February, the Labor Department s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday, May 11. The median estimate in a Bloomberg survey of economists called for 7.5 million openings.
The number of vacancies exceeded hires by more than 2 million, the largest gap on record and evidence of current hiring challenges. Many employers say they are unable to fill positions because of ongoing fears of catching the coronavirus, child-care responsibilities and generous unemployment benefits.
The number of vacancies is consistent with accelerating demand as the economy reopens, with many companies trying to fill positions lost during the pandemic.
The number of people who voluntarily left their jobs increased to 3.51 million, while the quits rate held at 2.4 percent. Separations, which include layoffs and quits, decreased to 5.32 million from 5.43 million as dismissals declined.