HelpWanted.com

Employers still struggle to fill vacancies: JOLTS report

Employers still struggle to fill vacancies: JOLTS report
The number of workers quitting and the number of job openings both remained near record highs in January. This is a sign of demand for labor and of worker leverage. The data released by the Labor Department as part of its monthly Job Openings and Labor Turnover Survey (JOLTS) report was another sign of an economy that wobbled slightly but still remained quite sturdy when hit by the Omicron wave. 

Several industries that were rebounding from the pandemic and had been hungry for workers reported fewer job openings. Accommodation and food services experienced a drop of 288,000. Meanwhile, transportation, warehousing and utilities reported 132,000 fewer openings. However, in the manufacturing and service sectors, openings increased at large. 

More and more workers are now quitting not for a career change but for increased pay. Economist Jeffrey Roach says, "You can see people are actually staying within their industry - and it really helps the ‘lower-skilled’ worker. The current environment is likely to increase the price of labor. Some worry that "wage inflation" could set in and cut into profits. 

Source: The New York Times 
Tags In
Supply Chain Jobs MGNREGA

Previous days news

Mar 9 Mar 7 Mar 6 Mar 4 Mar 2

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Employability Skills Infosys Job Opportunity Rehiring Finance Jobs Campus Placement Global Enterprises Job Sector In India Softskills Intel Hiring Remote Learning Surgeon Jobs Odisha Govt Lateral Hires Post-pandemic Job Market Pandemic Social Media Influencers Vocal For Global Automation Jharkhand Employment Jobs In 2021 Robots Working In India Cryptocurrency Jobs Jobs In BHEL Union Education Minister Male Candidates Jobless Rate Social Network Freelance DRDO Ministry Of Food Processing Startup Hiring DMK Indian IT Disabilities Jobs Indian Oil Job Market Fresher Hiring Deceased Employee Experience Farming Jobs Sports Industry Hiring Now Job Fair Punjab Major Sports Good Employment In Odisha Jobs In Gujarat Bank Privatisation UP Govt Jobs
Articles

Is It Time For Recruiters To Think Like Marketers?

About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...Read more

You Think You Have Earned It? Here is How to Ask for a Promotion

Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...Read more

A complete breakdown of the US Commercial Drivers Licenses

In the United States of America to operate any type of large automobile, you need a license. This i ...Read more

How Startups Can Ensure Success While Working With Freelancers

However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...Read more