There was one job opening for every available worker in May. The reading marks a new pandemic low and a much swifter recovery than the last recession.
About 1.1 Americans competed for every job opening in April. That compares to a reading of 1.2 the month prior and the pre-pandemic average of 0.8.
The hiring rate gained to 4.2% from 4% in March as vaccinations, warmer weather, and stimulus boosted activity. But April hiring slowed down majorly.
The hiring rate rose to 4% from 3.8% as businesses prepared for reopening to lift spending and demand for workers. That's around pre-pandemic levels.
The hiring rate fell to 3.7% despite some 10 million Americans still looking for work. The rate now sits at the same levels seen before the pandemic.
Job openings in the US unexpectedly increased in October, though the hiring rate failed to show a similar improvement. US job openings jumped by 158,000 to 6.7 million through the month, according to Job Openings and Labour Turnover, or JOLTS, survey data. Economists expected a month-over-month decline to 6.3 million […]
Several economic indicators updated in recent weeks suggest the ongoing US recovery is deteriorating as COVID-19 cases spike and new stimulus remains absent. Cities including Chicago, San Francisco, and New York City have intensified partial lockdowns to curb the virus’s spread. The restrictions threaten to further slow the nation’s bounce-back […]
Job openings in the US gained for the third month in a row in July as the labour market continued its steady climb from pandemic-induced lows. US job openings gained by 617,000 to 6.6 million through the month, according to Job Openings and Labour Turnover, or JOLTS, survey data. The […]
This week, a number of economic indicators showed just how shaky the US recovery from the coronavirus pandemic has become even though the worst of the recession is likely over. US GDP fell a record 33% in the second quarter, initial jobless claims ticked up for the second week in […]
US hires jumped a record 2.4 million in May to an all-time high of 6.5 million, according to the Job Openings and Labour Turnover Survey, or JOLTS, released Tuesday by the Labour Department. Job openings also increased to 5.4 million during the month. The JOLTS report lags the nonfarm payrolls […]
The Beveridge curve shows that the coronavirus pandemic has disrupted the US labour market. The graphical chart shows the relationship between unemployment and the job vacancy rate. April data reflecting the coronavirus pandemic shutdowns shifted the curve significantly to the right. This is likely because of the impact of temporary […]
US job openings fell to 5.05 million in April from a revised 6.01 million in March, a Tuesday report by the Labour Department showed. At the same time, separations – which include layoffs and quits – slumped to 9.89 million from a record 14.64 million a month earlier. “Today’s report […]
Job openings in March fell to 6.2 million from 7 million in February, according to a Friday report from the Labour Department. The month also ended a two-year streak where of job openings outnumbered unemployed workers. At the end of March, there were 1.2 people for every open job, according […]