Americans keep quitting their jobs in record numbers
2 years, 11 months ago

Americans keep quitting their jobs in record numbers

Al Jazeera  

If there are any lingering doubts over exactly who holds the upper hand in the United States jobs market these days, Tuesday’s latest figures from the Department of Labor should put them to rest – because workers haven’t had this much power to call the shots in decades. The latest Job Openings and Labor Turnover Survey released on Tuesday showed a record 4.5 million Americans voluntarily quit their jobs in November. The record high quits rate combined with near-record job openings suggest that workers are leaving their current employers for better deals as businesses boost pay and sweeten benefits to lure scarce job seekers. Whatever the cause, workers are in a great bargaining position – and that leverage is evident in average hourly earnings, which increased 4.8 percent in November from the same period a year ago. The Fed’s preferred gauge of underlying inflation in the economy – Personal Consumption Expenditures- surged 5.7 percent in November compared to a year ago.

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History of this topic

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October
2 weeks, 4 days ago

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy America's job market rebounded …

US added a strong 227,000 jobs in November in bounce-back from October slowdown
Top News
2 weeks, 5 days ago

US added a strong 227,000 jobs in November in bounce-back from October slowdown

Associated Press  

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the …

US job openings rose last month, though hiring slowed, in mixed picture for labor market
3 weeks ago

US job openings rose last month, though hiring slowed, in mixed picture for labor market

Associated Press  

WASHINGTON — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant …

Job openings rose while hiring dropped in October, labor report shows
3 weeks, 1 day ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
4 months, 3 weeks ago

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

Associated Press  

WASHINGTON — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. The number of people quitting their jobs — a decision that reflects confidence in their ability to find higher pay or better working conditions elsewhere — slid to 3.3 million, fewest since November 2020. …

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
7 months, 3 weeks ago

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

Associated Press  

WASHINGTON — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February and the …

US job openings rise modestly to 8.8 million in February in strong labor market
8 months, 3 weeks ago

US job openings rise modestly to 8.8 million in February in strong labor market

Associated Press  

WASHINGTON — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. “Job openings are still elevated relative to …

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
10 months, 3 weeks ago

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

LA Times  

A worker from Portland General Electric replaces a power line as crews work to restore power after a January storm in Oregon. “Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year.” Business What rising immigration really means for California’s economy New data …

US job openings rose in December, pointing to a still-durable labor market
10 months, 3 weeks ago

US job openings rose in December, pointing to a still-durable labor market

Associated Press  

WASHINGTON — America’s employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The U.S. economy and job market have remained surprisingly durable despite sharply higher interest rates, which have led to higher borrowing rates for consumers and businesses. Higher rates …

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
11 months, 2 weeks ago

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

Associated Press  

WASHINGTON — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates. Asked why many Americans remain dissatisfied by the economy, Acting Labor Secretary Julie Su said Friday that “part of the unfortunate reality is we live in polarized times.’’ Many …

US job openings fell slightly in November but remain high by historical standards
11 months, 3 weeks ago

US job openings fell slightly in November but remain high by historical standards

Associated Press  

WASHINGTON — America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021. Wednesday’s report, called the Jobs Openings and Labor Turnover Summary, reinforced other recent evidence that while the job market is slowing from its robust heights, it remains solid. In the face of rising interest rates, job openings have gradually …

US job openings fall to lowest level since March 2021 as labor market cools
1 year ago

US job openings fall to lowest level since March 2021 as labor market cools

Associated Press  

WASHINGTON — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The drop in job openings last month was particularly steep in healthcare and social assistance, where they fell by 236,000; finance, which includes banking, …

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
1 year, 1 month ago

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market

Associated Press  

WASHINGTON — Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. Before 2021 — when the American economy began to surge from the COVID-19 pandemic — monthly job openings had never topped 8 million. …

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
1 year, 3 months ago

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

Associated Press  

WASHINGTON — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation. The number of job vacancies dropped to 8.8 million last month, the Labor Department said Tuesday, the fewest since March …

The US was just downgraded, but the jobs report will likely be strong
1 year, 4 months ago

The US was just downgraded, but the jobs report will likely be strong

CNN  

Minneapolis CNN — Despite Tuesday’s credit rating downgrade amid concerns about the challenges facing the United States, markets and economists are expecting another solid jobs report on Friday. “Usually, fiscal policy affects the labor market fairly slowly, but political crises have the potential to have a more immediate impact and if there’s a government shutdown or similar crisis in the …

Job openings fall to lowest level in two years as demand for workers cools
1 year, 4 months ago

Job openings fall to lowest level in two years as demand for workers cools

Associated Press  

WASHINGTON — U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit. The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market …

The number of available jobs in the US just fell to its lowest level in more than two years
1 year, 4 months ago

The number of available jobs in the US just fell to its lowest level in more than two years

CNN  

Minneapolis CNN — Bit by bit, the US labor market is settling down from the rolling boil of the past three years: The number of job openings dipped to its lowest point in more than two years, according to data from the Bureau of Labor Statistics released on Tuesday. “Both a recession and a soft landing look like this.” The …

U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market
1 year, 5 months ago

U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market

Associated Press  

WASHINGTON — U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. The Labor Department’s Job Openings and Labor Turnover Survey, “continues to reflect …

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy
1 year, 6 months ago

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January, the Labor Department said Wednesday. Layoffs fell, but the number of people quitting their jobs — …

US job openings dip to 9.6 million, lowest since 2021
1 year, 7 months ago

US job openings dip to 9.6 million, lowest since 2021

Associated Press  

WASHINGTON — U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020. The number of Americans …

Job openings tumble to lowest point in nearly two years
1 year, 7 months ago

Job openings tumble to lowest point in nearly two years

CNN  

Minneapolis CNN — The number of open jobs in the United States has dropped to the lowest level since May 2021, a reflection of a labor market that is slowly settling back into balance after the Federal Reserve’s yearlong campaign to cool off the economy. “After two years of incredibly rapid churn and highly elevated demand, things are now all …

Feb job openings slip to 9.9M; a win in inflation fight?
1 year, 8 months ago

Feb job openings slip to 9.9M; a win in inflation fight?

Associated Press  

WASHINGTON — U.S. job openings slipped to 9.9 million in February, fewest since May 2021 and a sign that the job market may be starting to cool, which would be welcome news for the inflation fighters at the Federal Reserve. Until 2021, monthly job openings never surpassed 10 million in the Labor Department’s Job monthly Openings and Labor Turnover Survey. …

5 key takeaways from the February US jobs report
1 year, 9 months ago

5 key takeaways from the February US jobs report

Associated Press  

WASHINGTON — The American job market has once again confounded expectations. “The labor market may be gradually cooling, but it is still red-hot.’’ MODEST WAGE GAINS Average hourly earnings rose just 0.2% in February, the smallest month-over-month increase in a year. “Annual wage growth remains well above the roughly 3.5% the Fed likely sees as consistent with its 2% inflation …

January US job openings dip, but still high at 10.8 million
1 year, 9 months ago

January US job openings dip, but still high at 10.8 million

Associated Press  

WASHINGTON — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. “The JOLTS report showed only a slight slowing in the robust labor market, keeping opportunities plentiful for workers looking for better, higher paying jobs,’ said Robert Frick, economist at Navy Federal …

Layoffs revised up in January but US labour market still strong
1 year, 9 months ago

Layoffs revised up in January but US labour market still strong

Al Jazeera  

Even as layoffs rose in January and job cuts were higher than initially thought in 2022, job market remains strong with 1.9 opening per every unemployed worker. US job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labour market conditions that likely will keep the Federal Reserve on …

Job market still hot, December openings rise to 11 million
1 year, 10 months ago

Job market still hot, December openings rise to 11 million

Associated Press  

WASHINGTON — U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve’s effort to cool a hot job market. For 18 straight months, employers have posted at least 10 million openings — a level never reached before 2021 in Labor Department data going back to 2000. Employers created 375,000 jobs a month in 2022 …

US job openings increase to five-month high, manufacturing slumps
1 year, 10 months ago

US job openings increase to five-month high, manufacturing slumps

Al Jazeera  

Gap between job openings and hiring suggests wage growth could remain high, an indicator that interest rates could rise. Job openings in the United States unexpectedly rose in December, showing demand for labour remains strong despite higher interest rates and mounting fears of a recession, which could keep the Federal Reserve on its policy tightening path. There were 1.9 job …

New graphic shows extent of the Great Resignation - and industries hit hardest
1 year, 11 months ago

New graphic shows extent of the Great Resignation - and industries hit hardest

Daily Mail  

Take part in our poll: did you quit your job in the Great Resignation? New data also shows which industries are affected - the top being hospitality In November 2022, 4.2M resigned, bringing total for the year to 46.6M By November 2021, 48M Americans had left their jobs, up from 42M in 2019 A record number of Americans have quit …

The U.S. job market is still healthy, but it's slowing down as recession fears mount
1 year, 11 months ago

The U.S. job market is still healthy, but it's slowing down as recession fears mount

NPR  

The U.S. job market is still healthy, but it's slowing down as recession fears mount Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high note. Employers added 223,000 jobs in December, capping a year in which the economy added 4.5 million jobs, more than refilling the deep hole …

US job openings stayed high in sign of economic resilience
1 year, 11 months ago

US job openings stayed high in sign of economic resilience

Associated Press  

WASHINGTON — U.S. job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains. Such a high number of job openings suggests the economy is not yet in recession or close to falling into one. “For Fed officials, these data support the …

US job openings fell in October to still-high level
2 years ago

US job openings fell in October to still-high level

Associated Press  

WASHINGTON — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. While more job openings are a benefit for those seeking work, Fed officials would like to see the number of openings fall. However, with …

Job openings hit 10.7M despite Fed attempts to cool economy
2 years, 1 month ago

Job openings hit 10.7M despite Fed attempts to cool economy

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. “Job openings still vastly outnumber unemployed …

The Great Resignation is NOT over: Unemployed Americans who quit their jobs reached 30-year high
2 years, 2 months ago

The Great Resignation is NOT over: Unemployed Americans who quit their jobs reached 30-year high

Daily Mail  

The number Americans who quit their jobs in September rose to a 30-year high, according to a new jobs report. U.S. stocks fell sharply on Friday as a solid September jobs report fueled concerns that the Federal Reserve would continue to be aggressive with rate hikes U.S. Secretary of Labor Marty Walsh speaks on Labor Day at Henry Maier Festival …

US job openings plummet amid higher rates, slower growth
2 years, 2 months ago

US job openings plummet amid higher rates, slower growth

Al Jazeera  

Layoffs in the US increased in August but still remained historically low, according to the Job Openings and Labor Turnover survey. Layoffs ticked up in August but remained at a historically low level, according to the report, known as the Job Openings and Labor Turnover survey, or JOLTS. The sharp drop in job openings will be welcomed by the Federal …

EXPLAINER: 5 key takeaways from the August jobs report
2 years, 3 months ago

EXPLAINER: 5 key takeaways from the August jobs report

Associated Press  

WASHINGTON — The nation’s job market last month delivered what the Federal Reserve and nervous investors had been hoping for: A Goldilocks-style hiring report. And their share of the population — the so-called labor force participation rate — rose to 62.4% last month, its highest level since March. “The labor participation rate went up, and I would love to see …

‘What recession?': US employers add 528,000 jobs in July
2 years, 4 months ago

‘What recession?': US employers add 528,000 jobs in July

Associated Press  

WASHINGTON — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. “The U.S. economy is creating new jobs at an annual rate of 6 million — that’s three times faster than what we normally …

Softer demand? US job openings fall in June to 9-month low
2 years, 4 months ago

Softer demand? US job openings fall in June to 9-month low

Al Jazeera  

Job openings in the United States fell by 605,000 to 10.7 million in June, a larger decline than expected. US job vacancies fell in June to their lowest level in nine months, suggesting that labour market tightness may be loosening up a bit amid mounting economic challenges. The Job Openings and Labor Turnover Survey, or JOLTS, released by the US …

US job openings slip, but employment landscape remains solid
2 years, 5 months ago

US job openings slip, but employment landscape remains solid

Associated Press  

WASHINGTON — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. The Federal Reserve has targeted the nearly record-high job openings as evidence that …

The jobs market still favors workers, despite fears of an economic slowdown
2 years, 5 months ago

The jobs market still favors workers, despite fears of an economic slowdown

NPR  

The jobs market still favors workers, despite fears of an economic slowdown Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Workers looking for new jobs have plenty of options, despite recent layoffs and hiring slowdowns in key parts of the economy. In contrast, the rate of workers who are quitting their jobs remains near historic highs, despite …

US added 431,000 jobs in March in sign of economic health
2 years, 8 months ago

US added 431,000 jobs in March in sign of economic health

Associated Press  

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. Still, Vincent Reinhart, chief economist at Dreyfus and Mellon, said the numbers show that “the U.S. economy continues to have underlying momentum …

US job openings, quitting at near record high in February
2 years, 8 months ago

US job openings, quitting at near record high in February

Associated Press  

WASHINGTON — Job openings hovered at a near-record level in February, little changed from the previous month, continuing a trend that Federal Reserve officials see as a driver of inflation. There were 11.3 million available jobs last month, matching January’s figure and just below December’s record of 11.4 million, the Labor Department said Tuesday. Because of those trends, Federal Reserve …

US job openings at near record, adding to price pressures
2 years, 9 months ago

US job openings at near record, adding to price pressures

Associated Press  

WASHINGTON — U.S. businesses posted a near-record level of open jobs in January, a trend that has helped push up worker’s pay and added to inflationary pressures in the U.S. economy. Average hourly pay increased 5.1% in February compared with a year earlier, according to U.S. statistics released last week, a rapid gain that forces companies to either become more …

Job openings rose in December amid worker shortages
2 years, 10 months ago

Job openings rose in December amid worker shortages

Associated Press  

WASHINGTON — U.S. employers stepped up their search for workers in December despite the looming impact of the omicron wave of coronavirus infections. The number of posted jobs rose 1.4% to 10.9 million on the last day of December, compared with the previous month, the Labor Department said Tuesday. The data suggests companies were still desperate to hire workers last …

US jobless claims rose to 286,000 last week
2 years, 11 months ago

US jobless claims rose to 286,000 last week

Live Mint  

While the surge in Covid-19 cases is disrupting businesses and leading economists to mark down 2022 growth forecasts, few expect it to change the fundamentals of a labor market with little slack and red-hot demand for workers. “Someone who’s dependable, who’s been on the job for a year and doesn’t need to learn the ropes—you don’t want to lay that …

The Great Resignation: Why are so many people quitting jobs across the globe?
2 years, 11 months ago

The Great Resignation: Why are so many people quitting jobs across the globe?

India Today  

Resignations have surged rapidly across the globe since 2021, following the impact of the pandemic on workplaces ranging from top corporates to IT companies and many smaller firms across various sectors. Read | Unemployment rate hits 4-month high in December amid Covid surge DECODING THE GREAT RESIGNATION WAVE Many studies have indicated that the pandemic is the single-biggest factor behind …

EXPLAINER: 5 key takeaways from the December jobs report
2 years, 11 months ago

EXPLAINER: 5 key takeaways from the December jobs report

Associated Press  

WASHINGTON — One of the fastest years of job creation in U.S. history stumbled at the finish line in December. Hobbled by shortages of workers and persistent threats from the coronavirus, America’s employers added just 199,000 jobs last month — the lowest monthly haul since December 2020 and only about half the total that economists had envisioned. Here are five …

US unemployment sinks to 3.9% as many more people find jobs
2 years, 11 months ago

US unemployment sinks to 3.9% as many more people find jobs

Associated Press  

WASHINGTON — The nation’s unemployment rate fell in December to a healthy 3.9% — a pandemic low — even as employers added a modest 199,000 jobs, evidence that they are struggling to fill jobs with many Americans reluctant to return to the workforce. Becky Frankiewicz, president of the staffing giant ManpowerGroup North America, said that many of Manpower’s clients are …

US unemployment claims drop to 198,000
2 years, 11 months ago

US unemployment claims drop to 198,000

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. The United States had a near-record 11 million job openings in October, and 4.2 million Americans quit their jobs — just off September’s record 4.4 million — because there are so …

US businesses advertised near-record 11 million open jobs
3 years ago

US businesses advertised near-record 11 million open jobs

Associated Press  

WASHINGTON — U.S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand. The government report Wednesday also showed that the number of people quitting their jobs dropped slightly in October to 4.2 million, from 4.4 million in September, though that …

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