HelpWanted.com

4.5 million quit jobs: BLS

4.5 million quit jobs: BLS

A record 11.5 million job openings were posted by employers in March while nearly 4.5 million Americans quit or changed jobs, matching previous highs. This reflects the continued strength of the labor market where workers have the upper hand. Meanwhile, the Bureau of Labor Statistics reported on Tuesday that there were 6.7 million new hires with the numbers remaining steady. 

Economist Julia Pollack says, "Demand for workers remains white-hot. This is very broad, enormous growth. Even though we’ve almost recovered all of the jobs lost in the pandemic, the labor market just keeps getting tighter and tighter." 

This data on job openings and the number of workers quitting could also play into discussions about curbing inflation. Federal Chair Jerome H Powell says the “extremely, historically” tight job market is the reason why the economy can withstand higher interest rates without tumbling into recession. Overall, the number of job openings grew in March from a year earlier. The demand for workers rose most in retail, manufacturing and finance and insurance. 

Source: The Washington Post 

Tags In
Recruitment Drive

Previous days news

May 2 Apr 29 Apr 28 Apr 27 Apr 26

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
Job Strike Jobs Sectors Job Exchange ICICI Bank UPSC Recruitment Auto Industry E-Shram Portal Openings In India J&k Jobs Job Skills Remote Learning Investment Agro Jobs HARIHAR Reserve Bank Of India Hiring Trends Jharkhand Workers Job Fair Punjab Male Candidates Hiring In Infosys Seasonal Jobs Union Govt Wage Subsidy Shell Wage Subsidy Scheme Covid-19 Vaccine Ministry Of Defense Freelance Job Market STEM Careers Unemployment In Punjab Teaching Jobs Paralympics Jobs In Maharashtra Universal Basic Income Job Cuts COVID 19 Job Losses Maruti-Suzuki Rural Unemployment Hiring Tips For Freshers Exhibition Lockdown In India Indian Tourism Bosch Hiring Leadership Skills IIM Discrimination Indian Army Jobs Placement COVID 19 Job Market Indian Military Academy
Articles

Did You Lose Your Job During COVID-19? Here’s What to Do

First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...Read more

Tips To Help You Create A Robust Hiring Strategy For 2021

While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...Read more

How you can pay off student debt while you work

Student loan debt is a crisis that has been making its way through The United States for quite some ...Read more

7 Signs That Tell You It’s Time to Quit Your Current Job

Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...Read more