UNITED STATES EXPERIENCE EMPLOYMENT BOOST WITH NO EMPLOYEE IN SIGHT
Though the number of Americans quitting their jobs fell slightly in October, the number of job openings in the U.S. jumped to near-record territory, the Bureau of Labor Statistics reported on Wednesday,
The United state experiences a job boost recently but there's no workers to fill the void as employees in the country are still leaving their jobs at a record high due to the reoccurrence of the pandemic and it's emerging variants.
There were just over 11 million open jobs at the end of October, which up by 431,000 from a month before and coming in just below a record high of nearly 11.1 million set in July, according to the Labor Department’s job openings and labor turnover.
Despite red-hot worker demand, the number of hires in October was little changed at 6.5 million, and layoffs and terminations also stayed flat, at 1.4 million.
Meanwhile, the number of people quitting their jobs in October decreased to 4.2 million. It's also the third-highest tally on record after a high of 4.4 million the previous month, with the largest increases in state and local government, up 21,000 to 183,000, and mining, up 6,000 to 17,000.
Quit rates fell the most in transportation, down 57,000 to 107,000, and finance, down 45,000 to 68,000.
Though waning infections helped usher in a streak of ptomising labor market developments this fall, a recent surge in cases coincided with a disappointing jobs report for November, when the United States added less than half of the jobs expected by experts.
The increase in social welfare upkeep increased and made available by the American government makes it easier for Americans to stay off work and continually take care of their expenses.
You Can Also Read