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
Recruitment Drive Indian Military Academy No Food Logistics Jobs Odisha Govt Wipro Edtech Business Emerging Jobs Infrastructure Jobs In Rajasthan Deceased Employee DU Recruitment Axis Bank Jobs Commercial Bankers In India Healthworkers Army Training Placement Drive Employment Recovery Secure Revenue In India India Hiring Aviation Mizoram Jobs Freelancing In India Gujarat Govt Remote Hiring Trump Administration Automotive Jobs Pay Cut Himachal Pradesh Jobs Amazon Resume Tips Digital Marketing Ministry Of Finance Auto Industry Campus Placements New Jobs Online Services Follow Your Passion Chinese Freshers Job Switch Jobs In Noida Job Reservation Hiring In India ASHA Workers Jobs In INida Remote Jobs Tech Hiring Flipkart
Articles

With Remote Working Being the New Norm, How to Hire the Best remote Workers

Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more

With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...Read more

Top paying Careers in 2021

The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...Read more

Effective Ways to Stay Productive While Telecommuting

Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...Read more