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
Interpersonal Communication Job Courses CII Working In India Jobs In Gujarat Employee Retention J&k Jobs Burnout Job Skills Indian Army Certifications Ministry Of Food SSC Jobs UGC Commercial Bankers In India Medical Professionals Olympics Business News Company Hiring Coronavirus COVID 19 Job Market Covid 19 Job Market Kerala Government Skill India University Of Madras Drone Production University Jobs Four-day Work Week Employment Generation Mumbai Jobs Employment Recovery Rate Job Search Reskilling Work Stress NHRC YuWaah Software Engineers Paralympics Employment Excahnge Critical Thinking European Millennial Hiring Payment Issue Military Jobs In Rajasthan Metaverse Jobs Attrition Rate Harvesting Tamil Nadu Jobs Job Fair For Differently-abled
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

A Quick Look at The Great Resignation

The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...Read more

Why Work With Staffing Agencies To Hire Your Temporary Workers

Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...Read more

Here Is How to Answer These 5 Tricky HR Questions

During an interview, you’re not only asked questions according to your credibility and qualificatio ...Read more