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US job openings soar to highest level on record | iNFOnews | Thompson-Okanagan s News Source

Christopher Rugaber A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic) May 11, 2021 - 8:48 AM WASHINGTON (AP) — U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.

March 2021 Headline JOLTS Job Openings At Series High

March 2021 Headline JOLTS Job Openings At Series High The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings year-over-year rate of growth SIGNIFICANTLY improved and continues in expansion. Analyst Opinion of JOLTS Data Remember one year ago we were entering a recession and we are comparing to the weak numbers one year ago. The unadjusted data this month is well above average for the rate of growth seen since the beginning of 2019. In other words, JOLTS is predicting job growth in the range of 300,000+ per month.

Job openings in U S surge to a record high of more than 8 million

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.

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