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Thursday, September 23, 2021

Job openings set a record of 9.3 million in the U.S

Back in April, US job openings had a record with employers trying to find workers in the middle of the economy reopening.

According to the Labor Department’s Jobs Openings and Labor Turnover Survey (JOLTS), 9,286 million was the total number of the open job positions. In April, around 8,288 million jobs were available. As the economists surveyed by Refinitiv stated, it’s expected that 8.3 million job openings will be available.

“There’s no shortage of demand for workers on a national basis, but there are mismatches among sectors and localities,” stated Mark Hamrick, an economic analyst at Bankrate.com

Amongst the biggest job opening, accommodation and food services had the biggest number with over +349,000, followed up by other services with +115,000 and with +78,000 on durable goods manufacturing.

With the Americans being lazy to go back to work after the pandemic, the job openings experienced a record. There are many reasons behind the ‘slow’ returning of people to work according to economists. Some of them include the fear of the virus, lack of child care, as well as supplemental unemployment

Back in April, the number of employment didn’t change very much, being at 6.1 million.

The whole separations such as layoffs, quits and discharges increased from 324,000 up to 5.8 million. The rate of quits also experienced a record of 2.7% high since the record of jobs opening gave workers the chance to move to new chances. On the other hand, discharges and layoffs rate hit a 1% all-time low.

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