In a fresh sign of labor market cooling, the number of job openings in the country has dropped to a two-and-a-half year low as America’s manufacturing sector extends its decline. The Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS), released on Dec. 5, shows that job openings fell to 8.7 million as of […]
The latest Job Openings and Labor Turnover Survey or JOLTS report said that U.S. job openings have fallen to the lowest level in over two years. Pete Earle, an economist at the American Institute for Economic Research, spoke about what this statistic means.
U.S. economic growth rose slightly less than expected in the second quarter of 2023 because of less business spending. The Bureau of Economic Analysis released its second preliminary report on U.S. gross domestic product (GDP)—the government’s primary measure of domestic economic activity—for the second quarter on Aug. 30. The nation’s GDP rose at a 2.1 percent […]
U.S. job openings slipped a bit in May, but the labor market remains resilient. Employers posted 9.8 million job openings, down from 10.3 million in April, according to the Labor Department Thursday. A new report finds consumer debt delinquencies are on the rise and banks appear ready to tighten their lending standards, making it harder […]
Elon Musk is changing course, saying he will go ahead with the deal to buy Twitter at the original price he offered. The news sent Twitter shares soaring. U.S. job openings plunge in August compared to the month before. Is this good news or bad news for the Federal Reserve? The founder of the world’s largest hedge […]
A record number of American workers quit their jobs as of the last business day in March while the number of job openings rose to an all-time high, pointing to a tight labor market as businesses struggled to hire enough workers to meet demand. The Labor Department said in its monthly Job Openings and Labor Turnover […]
Help wanted signs, we’ve seen them plastered on storefronts across America, and never seen so many reported job openings. People have blamed the worker shortage or talent shortage on different things, generous unemployment benefits, parents staying home to look after kids during lockdowns. However as unemployment ended and schools and daycare reopened, the talent shortage […]
More Americans quit their job in November 2021 than in any month in history, according to data released Tuesday. Some 4.5 million left their jobs in the month, an increase of three percent from the month prior. Resignations jumped the most in accommodation and food services and health care and social assistance industries, according to […]
Job openings in the United States surged to a record high of more than 10 million on the last day of July, while hiring lagged behind that figure by over 4 million, painting a picture of an economic recovery held back by businesses struggling to fill vacant positions.
Fast-food workers’ wages increased more during the second quarter of 2021 than they did in any quarterly period in years amid the ongoing labor shortage, according to an industry report. Wages for hourly workers at fast-food restaurants surged 10 percent between April and June of 2021 compared to the same period last year, according to […]
WASHINGTON—U.S. employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy generates intense demand for workers. The number of available jobs on the last day of May rose slightly to 9.21 million, from 9.19 million in April, the Labor Department said Wednesday. That is the highest since […]
